We have been fans of NCK over the years and are particularly keen on their foray into Europe via Fabb Furniture. We ponder if they plan to move Fabb more upmarket to match its domestic offering. We believe they have entered the $24bn UK furniture market in a prudent, conservative manner, which has allowed them to learn the nuances of this market without risking too much money.
- We like NCK initially targeting fresh highs above $16 – an option for our Emerging Companies Portfolio.