Updating La-Z-Boy Inc., Phillips Electronics N.V. ADR’s, Winnebago Industries Inc. and EnCana Corp.

Article Excerpt

LA-Z-BOY INC. $13 (New York symbol LZB; Conservative Growth Portfolio, Manufacturing & Industry sector; WSSF Rating: Average) warned that it will earn between $0.01 a share and $0.04 a share in its second fiscal quarter ending October 28, 2006, down from an earlier estimate of $0.13. Most of the drop is due to weaker-than-expected sales at its retail outlets, as the slowdown in the housing market cut demand for new furniture. Profits at the company’s wholesale business are improving, but high fixed costs combined with slower sales have hurt profit margins at the retail division. We think the company will keep paying its $0.44 dividend, which yields 3.4%. La-Z-Boy is a buy for long-term gains. PHILLIPS ELECTRONICS N.V. ADR’s $36 (New York symbol PHG; Conservative Growth Portfolio, Manufacturing & Industry sector; WSSF Rating: Average) earned 3.57 Euros a share in the third quarter of 2006, up sharply from 1.14 Euros a share a year earlier (1 Euro = $1.25 U.S.). Most of the…

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