Shares in Culp Inc. (CULP) have taken a beating for the last two years and things are not looking great either. The company, which is one of the biggest manufacturers of fabrics for mattresses, as well as a large marketer of upholstery fabrics, is facing cyclical headwinds. The COVID-19 impact on discretionary items such as mattresses and furniture only cloud the outlook for the company in the foreseeable future.
The decline in the stock price is pricing in the worst-case scenario. That could be an advantage to investors willing to sustain some short-term