Herman Miller -- 100% Upside From Here [Seeking Alpha]
Steelcase Inc. (SCS)
Last steelcase inc. earnings: 3/24 04:29 pm
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US:NYSE Investor Relations:
steelcase.com/investor-relations
Company Research
Source: Seeking Alpha
Buy MLHR for $21/share for around 100% upside over the next few years.Investment Thesis:It is not clear why the present value of all future income streams for MLHR will decline by about 50% as the price drop since February 18th has indicated.Yes, business will be slow for the next few years as the economy recovers from COVID-19, and yes, some of the working population will shift to working from home. However, the implications of a 50% drop in price imply drastic and permanent changes in consumer behavior; this fear seems overblown.MLHR has a healthy balance sheet and enough liquidity to weather more than 30% drop in revenue for 6 months. MLHR has also shown steady improvement on both a revenue and margin standpoint. Finally, MLHR owns strong durable brands and is a proven leader in high-end ergonomic office chairs and other luxury furniture.BackgroundHerman Miller is one of the largest furniture manufacturers in the US with nearly $2.7 billion in sales over the trailing twelve months.
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News
- North America Second-hand Furniture Market Report 2025-2033: Growth of Digital Resale Platforms, Increasing Use of Sustainable Consumption, Rising Demand for Budget Home Furnishing [Yahoo! Finance]Yahoo! Finance
- Steelcase (NYSE:SCS) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Steelcase (SCS): Valuation Perspectives After Recent Share Price Plateau [Yahoo! Finance]Yahoo! Finance
- Office & Commercial Furniture Stocks Q3 Recap: Benchmarking Interface (NASDAQ:TILE) [Yahoo! Finance]Yahoo! Finance
- RB Global (RBA) Q3 Earnings: What To Expect [Yahoo! Finance]Yahoo! Finance
SCS
Earnings
- 9/24/25 - Beat
SCS
Sec Filings
- 12/5/25 - Form 8-K
- 12/5/25 - Form 425
- 12/5/25 - Form 425
- SCS's page on the SEC website