Stellcase (SCS) Could Benefit as Offices Undergo Radical Redesigns
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With companies cutting back on office space and more employees working from home, it might not seem like the best time to invest in office furniture maker Steelcase (NYSE: SCS). However, despite the obvious, the timing might be better than most expect, noted an article in Barron's this weekend.
If predictions prove to be accurate, shares could rise 15 percent in the next year thanks to trends that show more companies are redesigning their offices to adjust for video conference and additional work areas. Industry insiders are calling it the most radically redesign in offices since the late '60s.
Barron's doesn't think it is too late to get in on the action. The stock trades at less than 10 times forward earnings and under six times Ebitda. Analysts covering the stock think those multiples have room to expand. Commercial construction is on the verge of significant recovery, which will help sustain strong growth, and this could be a good entry point for investors to profit from the innovations to come, noted the article.
If predictions prove to be accurate, shares could rise 15 percent in the next year thanks to trends that show more companies are redesigning their offices to adjust for video conference and additional work areas. Industry insiders are calling it the most radically redesign in offices since the late '60s.
Barron's doesn't think it is too late to get in on the action. The stock trades at less than 10 times forward earnings and under six times Ebitda. Analysts covering the stock think those multiples have room to expand. Commercial construction is on the verge of significant recovery, which will help sustain strong growth, and this could be a good entry point for investors to profit from the innovations to come, noted the article.
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