6%-Yielding Hooker Furnishings: Stocks Bottom On Bad News
Hooker Furniture(HOFT) Seeking Alpha·2024-09-05 16:23dre 194 H NEW i NJ AlpamayoPhoto Hooker Furnishings Corporation (NASDAQ:HOFT) is a manufacturer and importer of residential household and contract fumiture for sale that we have covered often over the years. The company has struggled over the last few quarters with the housing market slowdown and from softer demand, in large part due to higher rates for consumers to borrow money or utilize their credit. To combat demand issues and help preserve profitability, the company has made strategic moves to offload ...