Herman Miller (MLHR) has a strong bull case due to its reliable, long-term performance. Also, it's undeniable that MLHR has competent management that consistently finds cost efficiencies, price improvements, and sound M&A. Naturally, this type of "boring" and "easy to understand" stock tends to attract conservative investors. However, from an investment perspective, we must also focus on not overpaying for an asset. Unfortunately, I consider the company is currently a bit too expensive to justify an investment at these levels. Furthermore, I think some short-term headwinds will continue to weigh down the share price. Hence,