PAA Research Comments On Knoll (KNL)

PAA Research provided color on Knoll KNL in a research report published today. In the report, PAA Research states, "Although the company's results were relatively inline with consensus we would argue KNL's 1Q11 operating results and significant YOY increase in backlog further validated our thesis that the company will be the fastest growing publicly traded office furniture manufacturer this cycle due in large part to the rapid market acceptance of the company's new product launches over the past 12-24 months, most notably the Generation chair and the Antenna office system product suite." Shares of Knoll closed at $21.63 today, up 10.47% from Thursday's market close.