Stanley Furniture Co. (STLY)’s Turnaround Has Failed To Materialize

The last time I covered Stanley Furniture Co. (NASDAQ:STLY), I was upbeat on the company’s outlook. Indeed, at the time, management had just instigated a turnaround plan and things appeared to be moving along nicely. However, since then Stanley’s sales have fallen further, losses have risen and judging by the company’s sliding share price, many investors are now starting to question if Stanley will be able to turn itself around before it’s too late. For investors, Stanley Furniture Co. (NASDAQ:STLY)’s fourth quarter and full-year 2013 results release provided little in the way of information on Stanley’s turnaround. Yes, it would…