Author Topic: MLHR - Herman Miller  (Read 1272 times)

clutch

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MLHR - Herman Miller
« on: March 17, 2020, 11:12:53 AM »
MLHR is super cheap. P/E is around 4.25 as of Mar 17, 2020.

I guess people suspect that no one will buy office furniture because of WFH during the coronavirus crisis. But considering that might be a short term thing, is this kind of sell-off warranted?

It is arguably the most famous and recognizable office furniture brand (I couldn't recall any competitors off the top of my head) with a long history. Their Aeron chair is iconic and dubbed as "America's best selling chair".

Their consumer segment is growing (in contrast to the office) -- although more people might be working from home in the future, this might mean just a shift in who purchases their products. Also, it seems like the international market is untapped.

Thoughts?


mjohn707

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Re: MLHR - Herman Miller
« Reply #1 on: March 17, 2020, 11:37:34 AM »
Seems cheap after 15 seconds of careful fundamental research, I'll buy some
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clutch

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Re: MLHR - Herman Miller
« Reply #2 on: June 29, 2020, 10:12:54 AM »
I'm starting to see that office chairs are getting sold out at retailers. My guess is that as people/companies take WFH more seriously, they will buy high-end office furniture at home too. But not sure if this will be enough to offset the decreased demand in office space furniture.

writser

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Re: MLHR - Herman Miller
« Reply #3 on: June 29, 2020, 12:35:07 PM »
Seems cheap after 15 seconds of careful fundamental research, I'll buy some

lol.

I didn't even know this was a public company, cool. Was just thinking about buying a new Aeron chair as my old one is pretty much falling apart. One of my best purchases ever. Do they give discounts to shareholders? Also, some cursory research shows a decent insider buy last month by the former CEO and current "chair"-man (pun intended). I'll put this name on the bottom of my 'interesting' list. That means I could potentially read an annual report as soon as 2023.
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clutch

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Re: MLHR - Herman Miller
« Reply #4 on: June 29, 2020, 03:02:56 PM »
Seems cheap after 15 seconds of careful fundamental research, I'll buy some

lol.

I didn't even know this was a public company, cool. Was just thinking about buying a new Aeron chair as my old one is pretty much falling apart. One of my best purchases ever. Do they give discounts to shareholders? Also, some cursory research shows a decent insider buy last month by the former CEO and current "chair"-man (pun intended). I'll put this name on the bottom of my 'interesting' list. That means I could potentially read an annual report as soon as 2023.

I encourage you to get an Eames chair while you are at it. It will make reading through your 'interesting' list such a joy.