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LA Z Boy Co. was up strongly today before an impending 3 for 1 stock split on September 14, 1998. The stock is currently is less then 10% off its all time high and pays a 1.80% dividend. Earnings growth has also exploded to 0.40 from 0.10 in the past quarter. The company also stated in the previous quarters earnings report that sales are beating their future expecations and this trend is expected to continue through at least September. All of the major ratios are solid and improving on the balance sheet and income statement. Working capital for the company has also improved and both ROE and ROA compare favorably with the rest of the sector.
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