The one year chart for LZB is very impressive, perhaps too impressive.

In this recessionary period LZB is in one of the worst possible business sectors out there. Charts of its competitors show no where near the same performance.

The past two quarters LZB swung to a profit. It is interesting that analysts' expectations for LZB for the recently past quarter were for a loss when in fact LZB posted a profit in the quarter proceeding this quarter.

Additionally the duplicate upgrade to Strong Buy is very curious. Since there should have been no upgrade from Raymond James due to the fact that Raymond James never downgraded the stock after its initial upgrade in June 2009.
A reiteration would be the way to go.

Also there is the yahoo post that said that management told the employees that the company was debt free just prior to its earnings release. Makes one wonder what else management told employees prior to the earnings release.

All in all it just seems very odd.

Go LZB Go