HNI Corp (NYSE:HNI)

CAPS Rating: 3 out of 5

The Company is a provider of office furniture and hearth products. Hearth products include a full array of gas, electric, and wood burning fireplaces, inserts, stoves, facings, and accessories.

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Member Avatar PatrickDickey (55.11) Submitted: 8/6/2009 1:44:07 AM : Outperform Start Price: $18.85 HNI Score: -4.83

While they laid off a lot of people between January and June, they began bringing back the earlier lay-offs within the past month. Slowly but surely, they are returning to work. The business may not be great now, but as the economy recovers, so will the demand for good office furniture and home products. And HNI will be there to deliver.

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Member Avatar Jimboski93 (< 20) Submitted: 3/27/2009 5:11:24 PM : Underperform Start Price: $8.80 HNI Score: -157.13

More deleveraging to come

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Member Avatar chappy023 (48.81) Submitted: 5/17/2008 9:11:17 PM : Underperform Start Price: $19.37 HNI Score: -42.19

STOCK HAS BEEN GOING DOWN BUT TRENDS SHOW THAT IT WILL REBOUND.

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Member Avatar JimNastics (91.89) Submitted: 3/24/2008 10:47:27 PM : Outperform Start Price: $22.69 HNI Score: +7.29

Consistent dividend producer and a major player in the office furniture market.

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Member Avatar ThePessimist (99.34) Submitted: 4/24/2007 4:20:17 PM : Outperform Start Price: $33.00 HNI Score: -30.18

HNI has been beaten down lately due to weakness in both its segments. Hearth products go into homes, so those have been hurt by the homebuilding slump. Office furniture sales have been weak too.

While this all sounds bad, the consensus estimates for FY07 and 08 are still $2.37 and $2.85 respectively, leaving P/E ratios at reasonable 17.7x and 14.8x. It’s hard to believe that homebuilding can get too much worse, and the low unemployment and continuing commercial construction suggest that office furniture will pick up too.

Note that even with all of its challenges, HNI has been a free cash flow machine. Management has largely used the FCF on share repurchases, helping to prop up EPS.

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Member Avatar GiantSherman (56.30) Submitted: 1/11/2007 1:55:39 PM : Outperform Start Price: $34.90 HNI Score: -42.38

#2 office funiture company in the world. Just recently bought the #1 supplier of office equipment in China. Great ROE, low to no debt, great cash flow and managment has done a wonderful job with the use of the companies past earnings to generate longterm shareholder value.

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Member Avatar Burt59 (< 20) Submitted: 12/19/2006 1:56:50 PM : Outperform Start Price: $34.83 HNI Score: -43.10

If the economy continues to grow and housing does not shut down completely, this company will make money. Good product line, well run company.

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