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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (17070)5/14/2003 5:18:06 PM
From: Rock   of 78644
 
Just as matter of detail on NTZ.

The "Americas" make up just under 50% of their sales. Also, they have a 2nd brand called Italsofa that is made in China (I think). Italsofa makes up just short of 20% of overall sales with Natuzzi brand covering the rest.

Sooooo... it seems reasonable to say that maybe 40% of their sales would be disadvantaged by Euro appreciation vs the $. On the positive side, the disadvantaged sales are for a premium brand that should, all things being equal, have less price sensitivity than a discount brand.
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