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.

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


Boeing's credit rating cut by 2 notches at Fitch, but stays 2 notches above 'junk' territory

3:42 pm ET March 24, 2020 (MarketWatch)

Boeing Co. (BA) long-term credit rating was downgraded two notches at Fitch Ratings, which cited the "rapid escalation" of the coronavirus pandemic and the effect its having on the aerospace giant's markets and operations. The rating but remained in investment grade territory, two notches above "junk" status. Fitch lowered the rating to BBB from A-. The outlook for the rating is negative, given the risks of a more extended coronavirus pandemic, ongoing risks related to the timing of the return to service of the currently grounded 737 MAX planes and the expected pace of the 737 MAX delivery ramp once the grounding is lifted. Fitch said Boeing's debt had doubled in 2019 to around $27 billion, and will continue to rise in 2020, potentially peaking at abour $45 billion. In the case of a prolonged COVID-19 impact, or material delays on the 737 MAX's return of service, Fitch expects Boeing to need access to additional capital, which could further pressure the company's credit profile. The stock soared 16.7% in afternoon trading, but has still lost 61.2% over the past month, to be the worst performer among Dow Jones Industrial Average components over that time. The Dow has lost 26.6% the past month.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 24, 2020 15:42 ET (19:42 GMT)

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