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Steelcase Inc. (SCS)

NYSE - NYSE Delayed Price. Currency in USD
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7.33-0.98 (-11.79%)
At close: 04:00PM EDT
7.45 +0.12 (+1.64%)
After hours: 06:45PM EDT
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  • C
    Chuck Carson
    Hmmmm, why down almost 10% today ? Doesn’t seem to be a high beta stock. Great dividend stock . Could it be related to Tesla employees saying they don’t have enough chairs in the office? Yes, a stretch but a thought !
  • M
    Mike
    Looks like a buy now ?
  • A
    Anonymous!
    According to CNBC Sara, it a strong buy! 😱👎
  • S
    Steve
    As KNR continues to be held back by shorts, this company is steadily climbing every day since announcing the partnership with KNR. Both will soon be seeing huge gains imo
    Bullish
  • H
    Harvey
    Situations like this produce maximum frusration. In the age of the virus, SCS managed to handily beat estimatyes for the Quarter. Forward guidance was "Meh" but not terrible. Is management adhering to the "underpromise and overdeliver" paradigm? After cutting the dividend, they raised it again last quarter in a show of balance sheet strength. They are the industry leader. SCS has as good a handle on the progression of the virus as anyone does. They are working working with thier customers to plan for both possible scenarios: back to the office or providing for at home furniture if the future goes that way. Where are all the negatives that made whoever sell this down so much today? Algorithms? I can't see it being little investors like us deciding to sell while watching the tape in front of their computers. The problem is how to deal with the volatilty. The answer to that lies with how you manage your portfolio. GLTA.
    Bullish
  • B
    Brad
    Offices are going to be going back to cubes and personal space/distancing. SCS should benefit from this for the need for more partitions and related office equipment.
    Bullish
  • R
    Rintoul
    Earnings looked ok - wonder why it's down bigly after hours?
  • P
    Pablo
    Raymond James says Steelcase stock is now a strong buy after a huge sell-off
    Raymond James says Steelcase stock is now a strong buy after a huge sell-off
    www.schaeffersresearch.com
  • H
    Harvey
    Big volume on the downside today, September 15. Does this portend anything for earnings next week.
  • B
    BrewPat
    Steelcase is showing a nice rebound from a rough reaction to their earnings report. Seems like no matter what the report is, exceeding expectations or falling short of expectations, the stock tanks. It usually tanks for a day or two, this last round was rough for those holding long.

    The gamble: sell all shares a week before earnings call and see if there is a selloff, then pick it back up before ex-dividend date, or hold long? I'm inclined to with the sell off before earnings.
  • t
    tradeinstyle
    Herman Miller up 33% on an estimated earnings beat. Steel case is next.
  • t
    tradeinstyle
    The 5-day is from $9.47 to $12.75 there must be something in the works other than the expected rise from return to work changes required in offices. Hey, I’m long so happy as a clam, just curious.
  • A
    AndyS
    anybody have a clue as to why this is failing after a good quarter?
  • M
    Melody
    Dead money.. poor management in low growth market.
    Bearish
  • J
    Jabberwonky
    Thinking about buying to fill out dividend positions. Don't like margins but it may be lesser of 200 evils...
  • B
    Brad
    It looks like SCS might benefit as they are making a lot of the partitions for these field hospitals and such as opposed to dividers for office cubes. Good cash and balance sheet and I think this company will come out just fine.
  • n
    nice guy
    Kramer said management wasn’t doing a great job on Mad Money this evening. Herman Miller has made an aggressive move toward the home office, but I haven’t heard anything about SCS entering this market.
  • R
    Rob F
    I was hoping for a significant earnings rise as an indication that Steelcase had products in demand. But, what I got was o increase, weak guidance, and comments from a management that seems to have no passion for its business and makes excuses for its performance. Why should I continue to hold this stock if it is just going to bounce along the bottom?
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