wolfdog

Steelcase's High Yield Makes It Worth the Gamble

There are a lot of things to like about SCS as a value idea. However, I would be cautious about expecting a pos surprise in the upcoming quarter for 2 reasons: 1/ The co. missed last quarter, and neg surprises tend to come in pairs especially when the first one reverses a sequence of positive surprises 2/ Many manufacturing companies are going to get hit on raw material costs this quarter, and the Street is not baking those into forecasts sufficiently at this time.