Thats ridiculous! Those estimates are coming down every few weeks. Those are stale older numbers, and the collapse in orders for office furniture that nobody wants is not yet fully factored into those estimates.

This company and most office furniture makers will lose money almost every qtr for a while.

The only companies in this industry that can do ok are used dealers.

Use this as a guide:
for every single person you hear layed off in mass layoff announcements, attach a chair, desk and office accessories that will not be ordered....worse, new hardly used furniture by these layed off people will be waiting and waiting for a resale.