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Kimball International (KBALB) manufactures and sells electronic assemblies and furniture in the United States, Poland, the United Kingdom, and internationally. The company operates in two segments, Electronic Manufacturing Services (EMS) and Furniture.
The EMS segment produces electronic assemblies, circuit boards, and wiring harnesses for electronic organs and keyboards. Its engineering and manufacturing services include design support, new product launch, production and testing of printed circuit board assemblies, industrialization and automation of manufacturing processes, product and process validation and qualification, testing of products under a series of harsh conditions, assembly and packaging of electronic and other related products, and product life cycle management. This segment serves the medical, automotive, industrial, and public safety industries.
The Furniture segment offers office furniture under the Kimball Office and National names; and hospitality furniture under the Kimball Hospitality name. The Kimball Office and National branded products include desks, credenzas, seating, tables, collaborative workstations, contemporary cubicle systems, filing and storage units, and accessories, such as audio visual boards and task lighting for private offices, open floor plan areas, conference rooms, training rooms, and lobby and lounge areas with a mix of wood, metal, laminate, paint, and fabric options; and Kimball Hospitality branded products comprise headboards, desks, tables, dressers, entertainment centers, chests, wall panels, upholstered seating, task seating, and vanities for hotel properties, condominiums, and mixed use developments. This segment markets office furniture through its salespersons to end users, office furniture dealers, wholesalers, rental companies, and catalog houses; and hospitality furniture through independent manufacturers representatives to end users.
Shares have formed a bullish "cup & handle" after finding support at the $12 level. Prices are expected to head higher from present levels. Note that this is a thinly traded issue. Be sure to use a "limit order." As always, never place a "Market Order."
52-Week Trading Range: $5.03 - $13.25
Last Trade: $12.16
Stop Loss: $11.55
Target Price: $13.38
