Opinions
Sarat Sethi, Managing Partner, Douglas C. Lane & Assoc.
Steelcase
SCS-Q
BUY
Aug 05, 2022
He bought this, even though it's down over 20% from its 52-week high. Trades at 9x earnings and pays a 5% dividend yield. It's a play on the hybrid work model. Demand is increasing. Used to trade at 16x, so it's now cheap. Has strong earnings power.
N/A
Stock price when the opinion was issued
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