Stanley Furniture Co. Inc. Provides Earnings Guidance for Third Quarter of 2013
July 16, 2013 at 09:00 am EDT
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Stanley Furniture Co. Inc. provides earnings guidance for third quarter of 2013. For the quarter, the company expects gross margins to improve and decrease in operating losses.
The company expects net working capital to be stable in the third quarter and capital spending to be less than $0.5 million. The company expects net working capital to be flat, so it will not be a source or a use.
HG Holdings, Inc. is engaged in the business of providing title insurance and tile agency services. The Company's segments include title insurance, real estate, reinsurance, and management services. The title insurance segment issues title insurance policies and provides title agency services for residential and commercial real estate transactions. This segment also provides closing and/or escrow services to facilitate real estate transactions. The real estate segment is engaged in rental real estate through its equity investment in HC Realty. The management services segment, through its subsidiary, HG Managing Agency, LLC, is engaged in providing various management advisory services such as legal entity formation, licensure, regulatory approval, assumption of policies, and other general operational services. Its subsidiaries include National Consumer Title Insurance Company; National Consumer Title Group, LLC; Title Agency Ventures, LLC, and HG Managing Agency, LLC.
HG HOLDINGS, INC. 
