Dixie Group Inc
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Consumer Discretionary : Household Durables | Small Cap Value
Company profile

The Dixie Group, Inc. is engaged in marketing, manufacturing and selling of carpet and rugs. The Company offers its products to various residential and commercial customers through its various sales forces and brands. The Company operates through the carpet and rug manufacturing segment. The Company also provides carpet and yarn related services to other manufacturers. The Company's brands include Fabrica, Masland Residential, Dixie Home, Atlas Carpet Mills, Masland Contract and Masland Hospitality. Dixie International sells its brands outside of the North American market. Fabrica markets and manufactures various residential carpet and custom rugs. Masland Contract markets and manufactures broadloom and modular carpet tile for the specified commercial marketplace. Masland Residential markets and manufactures design-driven specialty carpets and rugs for the residential marketplace. Dixie Home markets a range of tufted broadloom residential and commercial carpets.

Price
Delayed
$0.67
Day's Change
0.00 (0.00%)
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Ask
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)

Today's volume of 0 shares is on pace to be much lighter than DXYN's 10-day average volume of 62,658 shares.

0

UPDATE: The superrich aren't sweating this 'black swan' market drop -- this is why

4:26 pm ET March 12, 2020 (MarketWatch)
Print

By Shawn Langlois, MarketWatch

Must be nice to be cash-heavy right now.

The wealthy investors who constitute Tiger 21, a group with more than 750 members worth in excess of $75 billion, raised their cash positions last year to 12% of their diversified portfolio, a level not seen since 2013. As for the rest of their allocation, 29% was in real estate, 23% in private equity and 21% in public equity, along with smaller stakes in fixed-income investments and hedge funds.

At the time, the Tiger 21 founder Michael Sonnenfeldt told MarketWatch (http://www.marketwatch.com/story/the-superrich-are-selling-stocks-buying-properties-and-keeping-cash-ready-2019-08-05) that the stock market was "priced to perfection" and that the superrich were keeping some powder dry.

Obviously, a lot has happened since then.

Now, with the Dow Jones Industrial Averageclosing down 2,353 points in the latest market plunge, Sonnenfeldt says the deep-pocketed investors of his group aren't freaking out over the red ink. In fact, they're even starting to sniff around for bargains.

"Members aren't panicking and selling. Rather, they are looking for long-term buying opportunities," he explained, adding that many of them are putting a "Christmas List" together of companies they've been waiting to buy at lower prices. No shortage of lower prices in the market at the moment.

Sonnenfeldt gave two examples: Delta Air Lines(DAL)and private-equity fund Golub(GBDC) , both of which are the kind of plays that Tiger 21 investors believe will ultimately rebound when the trouble passes. But don't expect any big moves from these people.

"Ultimately, our members are well-set," said Sonnenfeldt, who described the coronavirus as a "black swan" that the stock market clearly wasn't prepared for. "They might trade around the margin for a few opportunities, but generally are set on the long-term investments."

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 12, 2020 16:26 ET (20:26 GMT)

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