I have been watching this message board for about three years. While I admit I am not a financial genius like some of you out there I can't for the life of me figure out why anyone would short this stock. Try this out, buy at the 21 - 23 range, sell at 26 - 28, you might make some money instead of predicting that it will be 12 by some future date. Oh well, at least you provide entertainment while I make lots of money.
I covered in May, though am building another position currently. This stock is actually very volatile considering the low volume, and not day to day, but large swings over a 30 or 40 day period. Just look at a 6 month chart and no more need be said. MLHR along with its peers and many techs built all their value through growth between 95 & 98. Everyone knows that was the dotcom era, likely not to be repeated. So while growth looks impressive coming of the bottom, I still question its sustainability and question a valuation that reflects times past.I would love to have access to figures of MLHR chairs sold between 95-98 vs. 99 to present, just as an example. MLHR has a much larger short ratio than HNI, and even SCS for that matter.It's not all Zig. With dotcom spending gone,telemarketing on the outs and white collar hiring questionable, the long term demand for furniture will likely be unremarkable, and become value oriented. Even brokerages have foregone their image phase for one of value and profit.
No, Zig's dementia dates back to at least October '01 (his first appearance here) and seems somehow related to an ugly experience with Gateway customer service, or some such nonsense. It might also have been the result of medical research gone bad (sad what some are driven to do for a few bucks), but he refuses to talk about it. In any case, he's been predicting the end of civilization (and single digit share price for MLHR) for close to three years, non-stop, on virtually every Yahoo mid-to-large cap stock chat board. This latest stuff is tame in comparison to some of his earlier rants, but still funny.
On a more serious note, it is rather sad to see him "recommending" everyone of his own posts--how small his world must be.
okay, a little truth is also in your reply! Maybe we should find new topics or directions on this board, for example the topic "Brian Walker". Does someone know the new CEO Brian Walker? What does this mean for Herman Miller?