Stanley Furniture Co. (STLY)’s Turnaround Has Failed To Materialize

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Rupert Hargreaves
Published on
Updated on

The last time I covered Stanley Furniture Co. (NASDAQ:STLY), I was upbeat on the company’s outlook. Indeed, at the time, management had just instigated a turnaround plan and things appeared to be moving along nicely. However, since then Stanley’s sales have fallen further, losses have risen and judging by the company’s sliding share price, many investors are now starting to question if Stanley will be able to turn itself around before it’s too late. For investors, Stanley Furniture Co. (NASDAQ:STLY)’s fourth quarter and full-year 2013 results release provided little in the way of information on Stanley’s turnaround. Yes, it would…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk