These 4 Measures Indicate That Steelcase (NYSE:SCS) Is Using Debt Extensively

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09 January, 2023

Legendary fund manager Li Lu (who Charlie Munger backed) once said, ‘The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when a business collapses. We can see that Steelcase Inc. (NYSE:SCS) does use debt in its business. But is this debt a concern to shareholders?

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Bruder Office Furniture Gears up for North American Expansion in 2023

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9 January, 2023

Brooklyn, New York–(Newsfile Corp. – January 9, 2023) – Bruder Office Furniture is pleased to announce its expansion in operations and distribution throughout North America and Canada, and the company expects to grow this year.

Bruder Office Furniture offers a well-curated collection of office furniture, allowing clients to create attractive and high-functioning workspaces. Its expansion will provide more businesses access to high-quality yet affordable office furniture.

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Wellness coach teams up with office furniture specialist to improve working environments

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9 January, 2023

A Shropshire-based wellness coach has teamed up with a county office supplies specialist to help employers across the Midlands improve working environments and increase morale, loyalty and productivity in the workforce.

Laura Butler is working with Chrisbeon Office Supplies, which has bases in Telford and Shrewsbury, to create comfortable and inspiring workplaces that meet the needs of employees and create a culture of wellbeing, happiness and productivity among employees.

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Are Investors Undervaluing La-Z-Boy Incorporated (NYSE:LZB) By 33%?

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8 January, 2023

How far off is La-Z-Boy Incorporated (NYSE:LZB) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by estimating the company’s future cash flows and discounting them to their present value. This will be done using the Discounted Cash Flow (DCF) model. Before you think you won’t be able to understand it, just read on! It’s actually much less complex than you’d imagine.

We generally believe that a company’s value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

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Millerknoll spokesperson comments on Ottawa County Board’s move to dissolve DEI office

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8 January, 2023

ZEELAND, Mich. — A spokesperson from the second largest employer in Ottawa County, MillerKnoll, which is based in Zeeland, commented on the Ottawa County Board of Commissioners’ move to dissolve the county’s Office of Diversity, Equity and Inclusion.

“Diversity, equity and inclusion are central to our corporate values at MillerKnoll. As one of the largest employers in Ottawa County, we count on our local leaders to advocate for a diverse, inclusive, and prosperous environment where our current and future employees and their families feel like they belong,” according to the MillerKnoll spokesperson.

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Business owner honors nonprofit with office makeover

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6 January, 2023

CHICAGO — No matter their cause, nonprofit organizations everywhere raise money with a focus on giving back to those they service, often putting their needs last. But in December, a Chicago organization found themselves on the receiving end, thanks to the generosity of a business owner.

Concordia Place is a nonprofit that focuses on childhood education. It was the recent grand prize winner of an office makeover.  Valued at $23,000 dollars was all courtesy of Wurkwel Ventures founder and CEO Mason Awtry.

Founded in 2004, Wurkwel is comprised of several businesses including the Office Furniture Center on the city’s West Side.   Passionate about sustainability, the company salvages, cleans and repurposes office furniture that might otherwise end up in a landfill.

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Young Office acquires office furniture store McWaters

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6 January, 2023

Young Office, an office furniture store based in Greenville, announced Jan. 4. it has acquired McWaters, an office furniture business based in Columbia.

“We are excited to announce the acquisition of McWaters,” Young Office President and CEO Thomas Young IV said. “Like Young Office, the McWaters brand has been highly respected for decades. Going forward, we will continue to focus on creating only the highest quality office environments for our clients across South Carolina, Western North Carolina and Georgia.”

Read full article here: UPSTATE BUSINESS JOURNAL

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Office furniture recycler Coggin Sustainable Office Solutions has appointed Preston’s Fifty2M to handle its new PR account

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6 January, 2023

Having recently rebranded from The Coggin Group to Coggin Sustainable Office Solutions, the family business helps divert redundant office furniture away from landfill by either repairing and repurposing desks and chairs to resell as better than new, by recovering components to use for spares or repair, or by breaking down furniture that is unfit for reuse into material form such as metal, plastic, wood and foam.

Director Sam Coggin said it’s been a challenge raising awareness of reuse and dedicated furniture recycling when it’s so easy to just throw unwanted furniture items into a skip destined for landfill or crude forms of recycling.

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Circular is the future: How NORNORM is redesigning office furniture for remote work and subscription generation

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5 January, 2023

At the start of the pandemic, a number of people went shopping for office furniture. While some had to shop online, others got these furniture directly from their employers. In essence, a lot of people tried to recreate their office space at home or bought into inflexible reality.

As these employees return to offices, they are also facing the grim reality of what to do with these furniture. For decades, furniture has been seen as an investment that gets discarded for new furniture overtime. NORNORM, a fully circular Danish startup, is rethinking this notion with its subscription-based furnishing model.

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Inscape and HUK 121 Announce Expiry of Offer

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4 January, 2023

HOLLAND LANDING, Ontario, Jan. 04, 2023 (GLOBE NEWSWIRE) — Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), and HUK 121 Limited (the “Offeror”), jointly announce that no additional shares were deposited during the mandatory 10-day extension period under the offer dated November 17, 2022 (the “Offer”) made to shareholders of Inscape.

The Offer, which initially expired on December 23, 2022 and was subsequently extended until 5:00 p.m. (Toronto time) on January 3, 2023, has now expired and will not be further extended by the Offeror.

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