Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Thematic (Sector/Industry)

United states Consumer discretionary / Thematic (Sector/Industry)

<ul><li>Last week, the administration announced that it was delaying the planned January 6, 2026, tariff increases on upholstered furniture, cabinets, and vanities, while keeping the current 25% duties in place.</li><li>Tariff “relief,” not tariff “removal”. The administration’s decision to postpone the scheduled January 2026 increase in furniture-related tariffs by one year (to January 2027) avoids a near-term step-up in duties but leaves the current 25% tariff regime fully intact.</li><li>For the furniture industry, this is a timing benefit rather than a structural change in cost pressure.</li></ul>

Last week, the administration announced that it was delaying the planned January 6, 2026, tariff increases on upholstered furniture, cabinets, and vanities, while keeping the current 25% duties in place.Tariff “relief,” not tariff “removal”. The administration’s decision to postpone the scheduled January 2026 increase in furniture-related tariffs by one year (to January 2027) avoids a near-term step-up in duties but leaves the current 25% tariff regime fully intact.For the furniture industry, this is a timing benefit rather than a structural change in cost pressure.

Consumer Hardlines : Tariff Delays a Modest Positive; No Changes to Estimates