Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for La-Z-Boy Inc. > News item |
La-Z Boy stockholders consider stock undervalued
By Lisa Kerner
Charlotte, N.C., Feb. 12 - La-Z-Boy Inc. shareholders MLF Investments, LLC and its affiliates, owing some 3 million shares, or 5.9%, of company stock, said they consider the company undervalued.
The investors currently maintain support of the company's management and its focus on the La-Z-Boy brand and maximizing the potential of its distribution network, according to a schedule 13D filing with the Securities and Exchange Commission.
The Monroe, Mich.-based furniture manufacturer's stock closed at $13.72 on Feb. 9.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.