Oct
15
I Purchased Steelcase Inc (scs), Can Someone Please Critique?
ByThey appeared to have a stronger balance sheet than competitors, they had a huge international presence which should hedge against a weak dollar, it seemed to be oversold, and I think they will benefit from a weak dollar. Plus they are the largest company in that industry, and seemed to have some capabilities. I researched all companies in that niche industry for a long time, and felt Steelcase was the best buy.







2 Comments
October 15th, 2009 at 8:52 pm
Watch out! The Grand Rapids presence is poor at best now. That was a major economy for the west MI area. Now they have little keeping them afloat.
October 15th, 2009 at 9:13 pm
Sounds weak only up .11 today . Why not buy c or cit instead .corbin?