I'm starting to put this one on the watchlist and doing some more research as a bit of a macro play and would appreciate anyone's more recent thoughts. I've gone through the previous posts and really appreciate everyone's time and effort!

The basic thesis is:

• Cost of living pressures decreasing (at some point!) so greater disposable income to purchase or upgrade furniture
• Near zero inventory costs
• They own a lot of their properties so are largely immune to rental movements (enter discussion about opportunity cost here!)
• Expansion into the UK sounds interesting, but hopefully it doesn't go the same way as Masters...
• Consequence of the tariff wars being downward pressure on shipping costs perhaps? And possibly some spare capacity