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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TheStockFairy who wrote (144013)	9/3/2008 9:42:19 AM
From: Smiling Bob	Respond to of 306849

Keep an eye out, but keep in mind there's still a lot of weeding out to be done in retail. As well as housing inventory to burn off and credit issues and interest rates that need to find a balance. Then the impaired consumer and hobbling economy need to be considered. Not much different than buying stocks.Either buy too high, at the bottom, or close enough to bottom to ride out the lull. There are plenty of mfrs closing up or struggling, but nowhere near what you'd expect at this juncture. In that sector, we're at inning two maybe. I know of many that were expanding as recently as one or two years ago.

To: TheStockFairy who wrote (144013)	9/3/2008 2:55:49 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

Ethan Allen sees profit below Wall Street views Tuesday September 2, 6:37 pm ET ATLANTA (Reuters) - Ethan Allen Interiors Inc (NYSE:ETH - News) forecast quarterly profit below current Wall Street views on Tuesday, citing "substantially lower" sales volumes in July and August from a year earlier and its shares fell more than 7 percent in extended trading. The furniture maker and retailer expects per-share earnings of 20 cents to 26 cents a diluted share for its first quarter, which ends this month. Analysts on average expected profit of 49 cents a share, according to Reuters Estimates. For the year-earlier first quarter, Ethan Allen had earnings of 57 cents a share. Falling home sales and values have hurt furnishings companies as consumers face higher fuel and food costs. Furniture Brands International Inc (NYSE:FBN - News) and Haverty Furniture Co Inc (NYSE:HVT - News) posted quarterly losses last month as the industrywide sales slowdown continued. Ethan Allen, which is scheduled to present at a Goldman Sachs retail conference on Wednesday, reported a 46 percent drop in fourth-quarter net income in July as same-store sales at its design centers fell 11.1 percent. The retailer disclosed its latest forecast after markets closed. The company's shares fell 7.7 percent to $25.10 in extended trading from their $27.20 close on the New York Stock Exchange. (Reporting by Karen Jacobs; Editing by Andre Grenon)