High Growth Furniture Stock With Catalysts
In general, most furniture manufacturing stocks peaked at least a decade ago. That is, until the recent housing rebound and reduced competition led to a rebound in the space. Sector leaders such as Bassett Furniture (BSET) and Hooker Furniture (HOFT) continue to see rising share prices, but both stocks remain considerably below all-time highs. Upstart manufacturer Nova Lifestyle (OTC:STVS) trades close to all-time highs after several acquisitions have helped push up revenues and profits.
Even though furniture manufacturing has turned into a commodity business, most of these stocks are solidly profitable these days. Due to all of them having relatively small market capitalizations, none of these stocks obtains much in the way of analyst coverage either. With Nova Lifestyle, investors now have the opportunity to discover it before the market learns about it and its growth potential.
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