La-Z-Boy Inc
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Consumer Discretionary : Household Durables | Small Cap Value
Company profile

La-Z-Boy Incorporated is a producer of reclining chairs and the manufacturer/distributor of residential furniture in the United States. The Company's segments include Wholesale segment, Retail segment and Corporate and Other. The Wholesale segment consists of three brands: American Drew, Hammary, and Kincaid, which manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas and imports casegoods (wood) furniture, such as occasional pieces, bedroom sets, dining room sets and entertainment centers. Its Retail segment consists of approximately 159 Company-owned La-Z-Boy Furniture Galleries stores. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories, to the end consumer through these stores. Its Corporate and Other includes Joybird, an e-commerce retailer that manufactures upholstered furniture.

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Anthony Scaramucci is rooting for DWAC because he thinks it will keep Donald Trump from running in 2024

4:02 pm ET October 25, 2021 (MarketWatch)

By Weston Blasi

Scaramucci, who worked under Trump for 10 days in 2017 as communications director, thinks Trump's SPAC could prevent him from running for office in 2024

Former White House Communications Director Anthony Scaramucci says he is hoping that the Special Purpose Acquisition Company (SPAC) merging with an entity called Trump Media & Technology Group will keep Trump from running for president in 2024.

"I want that thing to go up like another 10 times. The more it goes up, the less likelihood Donald Trump is running for president in 2024, so I'm rooting for that SPAC," Scaramucci told CNBC on Friday.

The SPAC, Digital World Acquisition Corp. (DWAC), is headed for a weekly gain of 1,345%, and shares of Phunware Inc. (PHUN), an advertising startup that has been associated with the Trump in the past, surged over 600% on Friday.

See also: For one day, SPACs don't feel whack, thanks to WeWork and Trump's DWAC

The Trump Media and Technology Group aims to rival "'Big Tech' companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America," according to its pitch deck.

"I want the guy as far away from politics as possible and I want that once great party to rebuild itself," Scaramucci went on to say.

Scaramucci has previously worked at Goldman Sachs (GS) and currently runs a global investment firm called SkyBridge Capital.

See also: Americans not afraid to spend big on Halloween this year

Scaramucci worked as part of the Trump administration for just 11 days in 2017, but has since routinely been a constant critic of the former president.

Trump has not stated whether he intends to make a bid for the White House in 2024.

-Weston Blasi


(END) Dow Jones Newswires

October 25, 2021 16:02 ET (20:02 GMT)

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