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Herman Miller Inc. Message Board

  • bigalfonzogonzo bigalfonzogonzo Nov 19, 2008 4:52 PM Flag

    Where's the bottom?

    At what point will this hit bottom? Financials are relatively strong, and at the current price, it has to be way undervalued.

    Anyone even use this board btw? Only see spam on here....

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    • The company is laying off several hundred now, up to 500 - 600 more later. I work for shipping company that pics up there and bus is way down, hard. I'm thinking this might be a buy in the single digits, however we arn't coming out of this anytime soon and it takes corp. profits to buy new furniture. No profits, no furniture.

      • 2 Replies to Nicemikie000
      • That's a pretty sound observation but healthcare is a pretty big part of HM's business isn't it? Have a friend out here in Nebraska who's dealership they work for routinely does 4 - 6 million + in sales just in healthcare...

      • >I'm thinking this might be a buy in the single digits, however we arn't coming out of this anytime soon and it takes corp. profits to buy new furniture. No profits, no furniture.<

        to say nothing of a glut of used furniture out there....shades of the dot com bust...only worse

        oh to be a fly on the wall at some of those company "pep rallies" where the lying managerial swine tell the employess "the worst is over"....then they close the plant

        ha!

        "remember canton"

    • as long as the pirates still control this ship it will go lower

      a friendly shout out to the folks in michigan who will be feeling the layoffs

      been there, done that....15 years of my life wasted with/on this company culminated with a plant closing over a pissing match between two of the upper echelon swine

      i wish them the best of luck

 
MLHR
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