Tuesday, June 08, 2010

UP MY ALLEY. HON INC FALTERS


I think the stock rose to heights not supported by the fundamentals of its sales of largest component, office furniture. Of all things, in this envrionment, July brigs a price hike! Hmmm when companies hire maybe they need new desks, chairs, files....but they left behind 8 MILLION people worth of the stuff didn't they since 2007?
Sitting on critical support at current price
D

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