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Deadly sin stock #5: Hooker Furniture (HOFT)

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Deadly sin stock #5: Hooker Furniture (HOFT)It's the oldest profession around. No, not that one.

Furniture making has been around since the 7 Deadly Sins came into existence. But lately it's been rather "sinful" to be a furniture maker -- the homebuilding crash has resulted in fewer buyers looking to furnish homes.

One of the leaders in the industry is Hooker Furniture (NASDAQ: HOFT). The stock has bounced off its lows and is showing some signs of life. But the move may be a head fake as the company has a long way to go for redemption. I rate HOFT a sell.

Next: Deadly sin stock #6

See all 7 deadly sin stocks.

Symbol Lookup
IndexesChangePrice
DJIA-21.0110,429.94
NASDAQ-8.412,167.60
S&P 500-1.271,104.97

Last updated: November 24, 2009: 04:01 PM

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