Blyth: Punished Value Stock or a Trap?

Home goods company Blyth (BTH) has fallen on hard times recently, and is down more than 50%in the past year. In fact, the Greenwich Connecticut based company has not traded at its current level since 1995. Unfortunately, in an economic environment where inflation is rearing its ugly head, housing has been in the toilet in many areas of the country, and consumers are feeling squeezed, some businesses will suffer the consequences, as Blyth has.

There’s just not a whole lot of interest these days in a company that operates in the “home expressions” business, which is a fancy way of referring to candles, home fragrances, and decorative accessories. Not exactly a recession proof business. Those are the kind of products consumers will shun long before giving up steak or ice cream.