- La-Z-Boy is a global leader in the furniture industry, and they are currently benefitting from record consumer demand.
- Shares in the stock have pulled back significantly on fears of rising interest rates and its expected impact on the housing market.
- Despite the concerns, the underlying fundamentals in housing are strong, and this will support continued discretionary purchases on furniture.
- The company's fundamentals are strong enough to outlast any downturn should one occur.
- At current pricing, shares are nearly 70% undervalued.
For further details see:
La-Z-Boy: Relax With This Sleeper Stock