Herman Miller, Inc. (NASDAQ:MLHR)
CAPS Rating:
The Company researches, designs, manufactures & distributes interior furnishings, for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support companies all over the world.
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Superb company with great products. Currently trading at the low end of price and PE ranges while earnings growth in past couple of years has been 30%+. Company is exposed to a weakening in the macroeconomic conditions but this should be offset by international growth. Also noticed that dilution from an option overhang in the 1998-2002 period is likely to decrease going forward.