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marketmaven

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marketmaven

Re: marketmaven post# 510575

Wednesday, 11/01/2006 1:36:33 PM

Wednesday, November 01, 2006 1:36:33 PM

Post# of 704019
FBN will lose money in 2007, estimates slashed !

Furniture Brands-FBN downgraded to Mkt Perform from Outperform@MOKE
Downgrade following Q3 report and guidance. :

http://biz.yahoo.com/bw/060906/200609060...

Guidance for current quarter has been cut from ~ .35ish
to .09-.13 !

http://news.yahoo.com/s/nm/20060830/bs_n...

Costco says that purchases of bigger items, like furniture, are off and they lowered forecasts because of this trend. Analysts say this is early sign of upper income types pulling back on discretionary spending. FBN is in the path of this storm.
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