Natuzzi Furniture: An Italian Hidden Gem

Hunting once again in the dark recesses of the small cap market for value, I have stumbled across Natuzzi, S.p.A (NYSE:NTZ) a designer, manufacturer and marketer of traditional leather and fabric-upholstered furniture such as loveseats and sofas. The company has 430 galleries worldwide, six production facilities and three warehouses. Like Stanley Furniture Co. (NASDAQ:STLY), which also offers value and I have written about previously, Natuzzi, S.p.A (NYSE:NTZ) sells to the premium sector of the furniture market, and because of this the company has been hit hard by the recession over the past few years. Indeed, Natuzzi has not made a profit…