Feb
27
“Furniture - unlike textiles - is a consumer product. But furniture is tricky because like appliances, computers, flat screen TVs, etc. it’s a product where the customer often does an exhaustive search. I don’t like businesses where the customer rationally considers alternatives. Furniture isn’t a repeat purchase business. Brand loyalty is low. Credit can be involved. It’s like someone combined every negative economic aspect a consumer product can have and built a capitalist’s nightmare.”
Investing in Turnarounds - Gannon On Investing - Gannon On Investing
