Enter your email below and start receiving one of the markets best alerts today!!!

Enter your email below and start receiving one of the markets best alerts today!!!

Monday, 26 December 2011

FBN $1.12 - Nice short to mid term bounce setting up technically 16% - 70% gainer, IMO. (Possibly 123%)

FBN has been  in a long downtrend but the possibility of a nice bounce play has, imo, revealed itself here. The CEO of Furniture Brands International (FBN) has shown concern for the stock price and has taken action to change it's trend. Mr. Ralph Scozzafava, Chairman and CEO stated, "...We cannot, and will not, simply wait for an economic recovery. We have to be proactive in further strengthening our competitive position and improving our cost structure." - "Cost reduction actions implemented with anticipated future annualized cost savings in excess of $30 million"

Read more: http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201111021930primzoneusprx___236976&title=furniture-brands-international-reports-third-quarter-2011-financial-results#ixzz1hgLUOjuv

DAILY



WEEKLY