La-Z-Boy (LZB) has been offering its famous name-brand recliners since 1928. It’s a household name in the US and the company continues to sell its recliners, along with other furniture in the U.S., Canada, and about 60 other countries. Before thoroughly analyzing this company, I glanced at its above-average fundamentals and considering its well-known name and its popularity among baby boomers, I thought that it was worth looking at.
My thesis before doing a full analysis is that this once very powerful company with great growth potential will face instability in the foreseeable