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Deadly Sin: Lust
Stock #5: Hooker Furniture (HOFT)
It’s the oldest profession around. No, not that one.
Furniture making has been around since the 7 Deadly Sins came into existence. But lately it’s been rather “sinful” to be a furniture
maker — the homebuilding crash has resulted in fewer buyers looking to furnish homes.One of the leaders in the industry is Hooker Furniture (HOFT). The stock has
bounced off its lows and is showing some signs of life. But the move may be a head fake as the company has a long way to go for
redemption.I rate HOFT a D or sell.
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