Added to YB: 2024-09-13
Pitch date: 2024-09-11
CULP [neutral]
Culp, Inc.
-33.22%
current return
Author Info
No bio for this author
Company Info
Culp, Inc. manufactures, sources, and sells fabrics and mattress covers, sewn covers, and cut and sewn kits for use in mattresses, foundations, and mattress sets in the United States, North America, the Far East, Asia, and internationally.
Market Cap
$49.5M
Pitch Price
$5.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
-71.53
P/E
-12.31
EV/Sales
0.26
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Treasure Hunting: Culp, Inc.
CULP (quick dive): Mattress/upholstery mfg at all-time lows due to Chinese dumping & post-COVID demand drop. Trading below book value. Restructuring to breakeven, but needs industry demand recovery for profitability. Owned 20%+ by top microcap funds Gate City Capital & 22NW (board seat).
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