I found this company by screening through Zacks looking for high growth companies with relatively low P/Es. This company has a consensus growth rate of 30%, but a current fiscal year P/E of 17, and a forward P/E of only 13. Very strong analysts buy ratings.
Ergobilt has a nich in the office furniture market. They build ergonomic office chairs. Through a very flexible design, they basically build a custom chairs using a base design, and through flexible manufacturing can build small lots very economically.
Many Fortune 1000 companies are buying these chairs for employees with back problems, etc., and this is a rapidly growing niche. Many repeat customers, and nobody really competes head-to-head with ErgoBilt.
Has anybody else followed this company? |
