LZB
La-Z-Boy Incorporated
stock NYSE

I wish this same thing would happen to LZB stock 🥲

In 2022 LZB got destroyed because of perceived interest rate risk. It was a very good buy in the mid-low 20$ range. I haven't looked into the company all that much recently, but I have to assume fair value is still somewhere in the 40s. I'm probably not a buyer in the 30s, but if it comes back around to the mid-low 20s the margin of safety gets pretty attractive barring some massive decay in their business. I know they were previously buying out franchisees and going to fully owned stores which will also change up how their financials look.
I'm sure there's some tariff risk here too since many of their bigger manufacturing facilities were in Mexico.

Have you been to any of their stores? It's a ghost town. An occasional baby-boomer here and there buying an over-priced sofa that no millennial would ever consider buying. The only reason why they are still alive is because baby boomers have money and are still alive. Baby-boomers go, LZB goes with them.

La-Z-Boy (LZB) is in value territory