MLHR - Herman Miller Ended FY2020 On A Bad Note Shares Are Still Undervalued
Back in April, we wrote an article about Herman Miller (MLHR) suggesting a speculative position in the company, as we thought shares were undervalued and represented an investment opportunity.
The company reported fourth-quarter and full-year results a few weeks ago. As expected, MLHR felt the full effects of COVID-19 on its business compared to its third quarter, which was just feeling the impact of the pandemic in regions outside of China. In their fourth quarter, MLHR experienced significant disruptions in most of their business segments which included full or partial shutdowns of their