Knoll Inc.  (KNL) Trade Now »     Rate KNL  -  Discuss KNL  -  Add to Watch List        

Wow, the raw intrinsic value of this stock is nearly 35 a share.  It has a Return on Assets at a solid 10% and it trades in the middle of its 52 week tradining range.

Why is it going up?  They sell product and they make money doing it.  They are on track to beat their 2008 sales volume and it looks like management is doing the right things for the shareholders.  Although I see a 18.00 price in the next 90 days, it could easily soar above 25 if the market gives us soem signs of life.

This article is a reprint of my 29 July 2008 RealMoney column.

These are tough times for office furniture makers, which have seen their shares fall 20% to 50% over the last year. A difficult economic environment and poor showings from office retailers such as Office Depot (ODP) have investors worried.

Customers, on the other hand, appear relatively unfazed. Last month, Herman Miller (MLHR) kicked off earnings season with a positive surprise. Last week, HNI (HNI) and Knoll (KNL) followed suit. Only Steelcase (SCS) posted disappointing numbers.