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DXYN - The Dixie Group Deal: Addition By Subtraction
The Dixie Group Inc.
Flooring manufacturer The Dixie Group just announced the sale of its commercial flooring division.
This sale of this money-losing division with declining sales should immediately boost earnings and reduce debt.
There are numerous other catalysts too such as a strong residential flooring market, cost cuts and a push into new flooring products such as vinyl and wood.