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    Hooker Furniture Corporation (HOFT) Soars 8.75% on April 05


    Hooker Furniture Corporation (HOFT) had a good day on the market for Thursday April 05 as shares jumped 8.75% to close at $40.40. About 139,757 shares traded hands on 1,270 trades for the day, compared with an average daily volume of 71,863 shares out of a total float of 11.76 million. After opening the trading day at $37.55, shares of Hooker Furniture Corporation stayed within a range of $41.20 to $37.20.

    With today's gains, Hooker Furniture Corporation now has a market cap of $475.2 million.

    The stock has a P/E Ratio of 14.1. Shares of Hooker Furniture Corporation have been trading within a range of $52.75 and $31.10 over the last year, and it had a 50-day SMA of $37.79 and a 200-day SMA of $42.20.

    Hooker Furniture Corp is a designer, marketer, importer of casegoods, leather and fabric-upholstered furniture for the residential, hospitality and contract markets. It also manufactures residential custom leather- and custom fabric-upholstered furniture.

    Hooker Furniture Corporation is based out of Martinsville, VA and has some 952 employees. Its CEO is Paul B. Toms.

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  • Blog Entries

    • By Martinsville Daily in Bill Wyatt 1
      Our network programming for radio and television has been provided to us almost exclusively by means of C-band transmission. The transmissions originate from orbiting satellites at very low power, therefore, it takes a very large dish to receive these small signals for re-transmission. Over the past ten years, interference has become more prevalent at our satellite farm on Chatham Heights Road. Now it has reached the level where many of our receivers no longer are able to provide reliable service. For those of you interested in a more technical explanation, here is one source. 
      The source article points out the "services in large areas covering intercontinental and global communications provide a wide range of services for distance learning, telemedicine, universal access, disaster recovery, national security, air navigation and safety, e-government. We have been able to determine the interference we are receiving is sporadic (not constant), and very strong. The spurious emission splatters across almost the entire C-band spectrum, rendering filters useless. We have not been able to determine the source of this interference, despite concerted efforts to do so. We have been able to determine the signature produced would indicate it is a ground-to-ground transmission and not listed in any databases confirming its use. I have talked with a number of experts in this field and the consensus is we are likely the victim of some government use, be it national security or the like. Regardless, there is no viable solution to our problem, at least not one that restores reliable C-band reception.
      Fortunately, we have been able to restore most of our network programming services with an IP solution. In some instances, an IP solution doesn't exist, and in those cases we have had to provide alternate programming. thisTV Network provides no alternative to C-band at this time, and the interference has rendered this source no longer viable during daytime hours. For whatever reason, the interference only occurs during the daylight hours. Our C-band reception is unaffected during the overnight hours. 
      Until a solution is found, our programming of thisTV Network will be limited to midnight to 6 AM. Should the interference become present during the overnight hours, we will be left with no recourse, but to discontinue thisTV Network.   
      Bill Wyatt
      WHEE, WMVA, WYAT
    • By Martinsville Daily in Bill Wyatt 1
      This morning around 10 AM our audio line that feeds the transmitter at Koehler from our studios went dead. You may recall we experienced some damage during storms last month causing the top portion of a utility pole to break off and fall to the ground. This same pole feeds our transmitter building. The pole was replaced today, and apparently, the workers did not reconnect the line. We reported the problem and CenturyLink has indicated they would have someone out within 24 hours. Given their word, WHEE should return to the airwaves sometime tomorrow.

      New utility pole

      What used to be our smooth and level entrance way

      Partial damage from last month's storms

      The broken utility pole that was replaced


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