Home Furnishings


I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP grow per year to compare with Revenue Change
1. Mohawk Industries, Inc MHK3,2563,4464,5225,0055,8806,6207,9067,5866,8265,3445,3195,6425,7887,3497,8038,0728,9599,4919,9849,971
2. Leggett & Platt, Incorporated LEG4,2764,1144,2724,3885,0865,2995,5054,3064,0763,0553,3593,6363,7213,7463,7823,9173,7503,9444,2704,753
3. Tempur Sealy International, Inc TPX2222984796858379451,1079288311,1051,4181,4032,4642,9903,1513,1272,7702,7213,122
4. Dorel Industries Inc DIIBF7589179921,1641,6851,7611,7711,8142,1822,1402,3132,3642,4912,4352,6782,6832,6032,5782,6202,635
5. La-Z-Boy Incorporated LZB1,7172,2562,1542,1121,9992,0481,9171,6171,4511,2271,1791,1871,2501,3331,3571,4251,5251,5201,5841,7451,704
6. Ethan Allen Interiors Inc ETH8569048929079559491,0661,005980674590679729729747755794763767747590
7. Hooker Furniture Corporation HOFT251221248309346342350317261203215223218228244247577621684611
8. Bassett Furniture Industries, Incorporated BSET367306323317316335328295288233235253269321341431432453457452
9. Flexsteel Industries, Inc FLXS287285280292401410426425406324326339352386439467500469491444367
10. Natuzzi S.p.A NTZ6467048449691,020793971926927739688631618619989488457449429387
11. The Dixie Group, Inc DXYN568535508234292319331321283203231270266345405422398412405375
12. Live Ventures Incorporated LIVE15.8413.512.6231572532262513.448.084.083.072.357.273379152200193
13. The Lovesac Company LOVE7476102102166166233233
14. Nova LifeStyle, Inc NVFY004366789990931068922
15. FirsTime Design Limited FTDL434034252219.6615.4912.7813.0610.656.944.77.649.47.27


Revenue Growth

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP growth per year to compare with Revenue Change
1. Mohawk Industries, Inc MHK1.061.061.311.111.171.131.190.960.90.7811.061.031.271.061.031.111.061.051
2. Leggett & Platt, Incorporated LEG0.960.961.041.031.161.041.040.780.950.751.11.081.021.011.011.040.961.051.081.11
3. Tempur Sealy International, Inc TPX1.351.351.611.431.221.131.170.840.91.331.280.991.761.211.050.990.890.981.15
4. Dorel Industries Inc DIIBF1.211.211.081.171.451.051.011.021.20.981.081.021.050.981.110.970.991.021.01
5. La-Z-Boy Incorporated LZB1.311.310.950.980.951.020.940.840.90.850.961.011.051.071.021.051.0711.041.10.98
6. Ethan Allen Interiors Inc ETH1.061.060.991.021.050.991.120.940.970.690.881.151.0711.021.011.050.9610.970.79
7. Hooker Furniture Corporation HOFT0.880.881.121.241.120.991.020.910.820.781.061.030.981.051.071.012.341.081.10.89
8. Bassett Furniture Industries, Incorporated BSET0.830.831.060.9811.060.980.90.980.811.011.081.061.191.061.2611.051.010.99
9. Flexsteel Industries, Inc FLXS0.990.990.981.041.371.021.0410.950.81.011.041.041.11.141.061.070.941.050.90.83
10. Natuzzi S.p.A NTZ1.091.091.21.151.050.781.220.9510.80.930.920.9811.60.490.940.980.950.9
11. The Dixie Group, Inc DXYN0.940.940.950.461.251.091.040.970.880.721.141.170.991.31.171.040.941.040.980.92
12. Live Ventures Incorporated LIVE0.850.850.932.441.860.441.270.820.960.530.60.510.750.773.094.592.371.931.310.97
13. The Lovesac Company LOVE1.031.031.3311.6311.411
14. Nova LifeStyle, Inc NVFYNANNANINF1.541.181.260.911.031.150.830.25
15. FirsTime Design Limited FTDL0.920.920.860.740.860.910.790.831.020.820.650.681.621.230.77