Italian furniture company, Natuzzi, S.p.A (ADR) (NYSE:NTZ) is a recovery story that I personally have been following closely over the past year or so.
Natuzzi has Italian roots and many decades of Italian heritage behind it. However, as Italian labor and manufacturing costs have surged higher during the past few years, while global sales of luxury leather furniture have slumped, Natuzzi has fallen on hard times. The company has also been struggling to compete with lower cost competitors in the sector. For these two reasons, Natuzzi has made a loss during every year for the past five and the company's future has been called into question.
Luckily, Natuzzi's management has quickly put...
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