Stanley Furniture: Rising From The Ashes with Lower Expenses

Hunting for value can take you to some very strange places. Today I am in the small-cap arena of the market, where there is obviously more risk but also the potential for much more reward.

The company I have picked out is Stanley Furniture Co. (NASDAQ:STLY), which has been loss making excluding exceptional items since 2008. Established in 1924, Stanley Furniture is a leading designer and manufacturer of wood furniture targeting the premium segment of the market. However, like the rest of the industry that is related to home building, the company has been hit hard by the recession over the past five...