$1.75 special dividend

Steelcase recently announced a $100 million dollar buyback which adds to its prior plan.

Steelcase just got hit this week after the maker of office furniture posted solid first-quarter results, but warned that second-quarter earnings would be below forecasts.

The company trades for 10x cash flow.

IBD=C

It's local, and they've reported substantially higher earnings this quarter than in years past. Projected earnings is even higher still. I think the stock is undervalued. I also think it's a great company. They've done great things in this area, though they've had some rough times over the past few years, I think they're prime for a move back to some of the thunder that they had in their heyday.

Downgraded by Matrix Research from Strong Buy to Buy

Current Yield: +2.65%

Projected 3yr Dividend Growth: +26.92%

top company resurfacing

PT 17