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Enter Symbol:
 
Furniture Brands International, Inc. (FBNIQ) [hlAlert]

Rating:
Buy FBN
down 99.92 %

DailyFinance - Three Contrarian Stock Picks for 2011: Furniture Brands (FBN)

Posted on: Sunday,  Dec 12, 2010  10:04 PM ET by DailyFinance: Three Contrarian Stock Picks for 2011

DailyFinance: Three Contrarian Stock Picks for 2011 rated Buy Furniture Brands International, Inc. (OTCBB: FBNIQ) on 09/29/2010, when the stock price was
$38.08. Since then, Furniture Brands International, Inc. has lost 99.93% as of 07/23/2014's recent price of $0.03.
If you would have followed this DailyFinance: Three Contrarian Stock Picks for 2011's recommendation on FBNIQ, you would have lost 99.92% of your investment in 1393 days.

Furniture Brands International, Inc. is a holding company. Through its subsidiaries, it is engaged in the business of designing, manufacturing, sourcing, and retailing home furnishings. It markets through a range of retail channels, from mass merchant stores to single-branded and independent dealers to specialized interior designers. It serves its customers through some of the brands in the furniture industry, which include Broyhill, Lane, Thomasville, Drexel Heritage, Henredon, Hickory Chair, Pearson, Laneventure, and Maitland-Smith.

Don Hodges, chairman of Hodges Capital Management, uses a contrarian style of investing across his Hodges Small Cap (HDPSX) and Hodges Pure Contrarian (HDPCX) funds. After targeting an out-of-favor company, Hodges looks at the company's fundamentals, and talks to its competitors and customers to determine if it can survive whatever has bought its stock down. If a company has good management, is relatively debt free, has profits that are trending upward, and there are credible reasons why it can turn itself around, he may take a significant position in its stock.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/29/2010 4:00 PM Buy
1 year
38.08
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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