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MLHR - Herman Miller Stock May Have Doubled But It Is Still Cheap
August, 06 2021 04:43 PM
Herman Miller Inc.
Herman Miller has more than doubled in the last year, sales have recovered, but it is still trading at a reasonable valuation. The company pays a reasonable dividend and occasionally buys back shares with excess cash. The balance sheet is quite solid and the company has enough liquidity to keep reinvesting in the business or making bolt-on acquisitions. Shares are trading below our estimated intrinsic value using a discounted cash flow valuation model. For further details see:
Herman Miller Stock May Have Doubled But It Is Still Cheap
Stock Information
Company Name:
Herman Miller Inc.
Stock Symbol:
MLHR
Market:
NASDAQ
Website:
hermanmiller.com
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