With thousands of stocks to choose from, and just a few hundred of them garnering most of the attention, investors often overlook some diamonds in the rough. For instance, have you ever heard Steelcase, Inc. (NYSE: SCS)? Most have not, and that’s too bad because Steelcase has been crushing the market. Its 180% gain in the past five years almost makes the S&P 500’s 85% five-year return look meager. Steelcase has generated market-beating returns by becoming the world’s largest provider of workplace furnishings and architectural elements. Annual sales top $3 billion. That’s well ahead… Read More
With thousands of stocks to choose from, and just a few hundred of them garnering most of the attention, investors often overlook some diamonds in the rough. For instance, have you ever heard Steelcase, Inc. (NYSE: SCS)? Most have not, and that’s too bad because Steelcase has been crushing the market. Its 180% gain in the past five years almost makes the S&P 500’s 85% five-year return look meager. Steelcase has generated market-beating returns by becoming the world’s largest provider of workplace furnishings and architectural elements. Annual sales top $3 billion. That’s well ahead of main rivals like HNI Corp. (NYSE: HNI) and Herman Miller, Inc. (NASDAQ: MLHR), which currently have annual sales of around $2 billion. #-ad_banner-#Steelcase’s broad product portfolio includes state-of-the-art panel-based and freestanding furniture systems, walls, workstations, lighting, desks, storage and seating. Although the firm is best known for traditional office-space components, it also markets to customers in the health care, academic and hotel/hospitality sectors. What really sets it apart is a reputation for leading the most extensive shift in office space design to occur in several decades. Management realizes work environments have become much more technology-based, team-oriented and mobile, with… Read More