La-Z-Boy Tries to Sit Up
The reference is a little dated, but you could call La-Z-Boy (LZB) a “Rodney Dangerfield” stock. From the perspective of long-term investors, the furniture company seems to be doing a lot of things right: It is reorganizing its distribution system, remodeling stores, introducing new furniture products, and, more controversially, moving much of its production to Mexico and closing a Utah factory. Yet on Wall Street, La-Z-Boy gets no respect.
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