There’s No Place Like Home: LEG, DEER, ETH, TPX

Some Companies Post Huge Run Ups in the Home Furnishings Business.

Apr 21, 2011 9:46:28 AM PDT | No Comment(s) - Post a Comment Rating

Here are four Small Caps involved in furnishing people’s homes:

Take a look at Leggett & Platt Incorporated (NYSE:LEG) which was trading in the $20 range in the beginning of November and is currently trading in the $23.58 range, a gain of 17.89% in six months based mainly on a big December spike. Leggett & Platt Incorporated topped $24.75 earlier this month. LEG pays a 4.61% dividend. Leggett & Platt Incorporated operates in four segments: Residential Furnishings, Commercial Fixturing & Components, Industrial Materials, and Specialized Products. 

And take a look at Deer Consumer Products Inc (NASDAQ:DEER) which was trading in the $11 range in November, held that level with a few spikes and dips for four and a half months, plummeted to $6.50 earlier this month, and is now in the midst of a strong surge. The stock is currently trading in the $9.31 range, gaining 43% this month to date.

Then there’s Ethan Allen Interiors Inc (NYSE:ETH) which was trading in the $15 range in early November and is currently trading in the $23.89 range, a gain of 59.26% in six months. ETH tested $25 in January. Ethan Allen Interiors Inc pays a 0.84% dividend. The Company operates through 293 retail design centers comprising 159 company-owned and operated centers, and 134 independently-owned and operated centers. 

Finally take a look at Tempur Pedic International Inc (NYSE:TPX) which was trading in the $35 range at the beginning of November and is currently trading in the $61.12 range, a gain of 75% in six months on a strong, classic, textbook run up. TPX makes and sells bedding products worldwide including: pillows, mattresses, and adjustable beds, as well as various cushions and other comfort products. 

I think LEG will revisit the $24.75 level, take it, hold it, and move towards $26.

I think DEER has shown enough strength and support in its current surge to revisit $11 in the near term.

I believe that the ETH run up has legs and the stock will quickly retake $25 and then move on to its next threshold.

I think the TPX run up will continue and that there’s money still to be made in this stock.

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Dennis Askew is a paid contributor of the SmallCap Network. Dennis Askew's personal holdings should be disclosed above. You can also view SmallCap Network's complete disclaimer and disclosure.

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