La-Z-Boy (LZB) Shares Cross Above 200 DMA

11 January, 2023

In trading on Wednesday, shares of La-Z-Boy Inc. (Symbol: LZB) crossed above their 200 day moving average of $25.54, changing hands as high as $26.02 per share. La-Z-Boy Inc. shares are currently trading up about 1.6% on the day.

 

 

 

Ace Office Furniture Houston Prepares for 2023

11 January, 2023

Houston, TX – (NewMediaWire) – January 11, 2023 – Ace Office Furniture Houston is a family owned and operated company selling new and used furniture to businesses and individuals in the Houston area, as well as in surrounding states and countries. In addition to their ever-changing pre-owned inventory, they represent over 50 manufacturers and can source any other brand a customer might want. Customers can select a single used desk or furnish a 500+ office complex, working with design consultants who can guide them through the process of conceptualizing, designing, selecting, delivering, and installing the furniture.

According to Kevin Astala, owner, “Because Ace Office is a family-owned business with an interest in the community around us, we have tried to give back by supporting local non-profits, including The 1960 Hope Center, as well as offering discounts to military veterans, religious organizations, victims of natural disasters, Future Farmers of America FFA, and other groups in local schools. One of our employees is given time-off to mentor a student in an elementary school near our business. We plan to extend the reach of the Ace Office brand and provide new jobs and opportunities for community outreach in our three new Texas hub cities.” These locations include:

Ace Office Furniture Dallas

Ace Office Furniture San Antonio

Ace Office Furniture Austin

 

 

 

Inside Europe Arab Bank’s First Recycled Office Fit-Out

10 January, 2023

Workplace design, strategy architects and interior designers, WILL+Partners, completed the project, which has resulted in significant reductions in the bank’s waste and energy use.

Europe Arab Bank is part of the Arab Bank Group. Established 90 years ago, the group has a global network of more than 600 branches across five continents.

WILL+Partners retained, reused, and repurposed design elements and has created a consistent design scheme throughout the building. No furniture was obtained from second-life dealers but instead 85 per cent of Europe Arab Bank’s furniture was reused. The remaining usable and unwanted furniture was donated to charities and is now being used in offices across the UK. Almost all blinds were reused in their existing locations, and 67 per cent of meeting room carpets were reused.

 

Martin Furniture hires a new vice president of imports

10 January, 2023

SAN DIEGO – Office and entertainment furniture resource Martin Furniture has hired Gustavo Velez has its new vice president of imports.

Velez has more than 30 years of experience in the furniture manufacturing industry, first starting off as an owner of a case goods manufacturer in Tijuana, Mexico. The company sourced products from many countries.

 

 

 

Indiana Furniture announces healthcare-oriented options and other product enhancements

10 January, 2023

Indiana Furniture announced today they would begin taking orders for a new healthcare-focused seating line, Gleem+, and enhancements to their Natta and Canvas Reception series. These additions provide enhanced flexibility and functionality to better accommodate today’s ever-changing working and patient spaces.

 

 

MillerKnoll, Inc. (NASDAQ:MLKN) Shares Purchased by Assenagon Asset Management S.A.

09 January, 2023

Assenagon Asset Management S.A. raised its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 1,177.3% in the third quarter, HoldingsChannel reports. The firm owned 405,826 shares of the company’s stock after acquiring an additional 374,054 shares during the period. Assenagon Asset Management S.A.’s holdings in MillerKnoll were worth $6,331,000 as of its most recent filing with the Securities & Exchange Commission.

 

 

 

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

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?

 

 

 

 

Bruder Office Furniture Gears up for North American Expansion in 2023

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.

 

 

 

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

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.

 

 

 

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

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.