(Reuters) - Herman Miller trades at a discount to its peer group while Steelcase trades at a premium, yet Herman Miller has strong business momentum while Steelcase is more exposed to slowing growth based on its market positioning.
Growth in the U.S. office furniture industry has moderated recently, with shipments averaging about 5 percent growth for the first three months of 2007 compared with a 10 percent average for the first three months of 2006, wrote Raymond James analyst Budd Bugatch in a note to clients.
Read more at Reuters.com Hot Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment