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Bullboard - Stock Discussion Forum Hammond Manufacturing Company Limited Class A Subordinate Voting Shares T.HMM.A

Hammond Manufacturing Co Ltd provides electrical and electronic components to Original Equipment Manufacturers (OEM) through a network of agents and distributors. Its product categories include Electrical Enclosures, Small Enclosures, Rack Mounting Solutions, PDUs & Outlet Strips, Transformers, and Classic Transformers & Chokes. Its geographical segments are Canada, the United States, and other countries, of which key revenue is derived from the United States.

The Market Herald Price Sensitive
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RE:New High

I have price/book at 0.60, which is absurdly cheap ... and that is with the valuable Glen Ewing property valued at cost.  That kind of multiple is what i would expect for a company with a long...read more

RE:New High

very much agree - might be ATH for a very long time, but from a multiple perspective it is still very conservatively valued. Interesting road ahead!  rate and reply

New High

HMM.A reached a new high today. Yet the stock is still incredibly cheap. The price to book is currently 0.666, price to earnings 5.9. And earnings should grow soon with their expansion going into...read more

RE:RE:RE:RE:RE:RE:AGM

Ah I see - thanks!  rate and reply

RE:RE:RE:RE:RE:AGM

Thanks for replying to DempsterMill, HyperCube. My post may have been confusing as the title referred to the Rock Solid Q1 resutls which happened to be released on the same day I attended the meeting...read more

RE:RE:RE:RE:AGM

  rate and reply

RE:RE:RE:AGM

hi - can't seem to find your earlier comments - able to share a link? Cheers  rate and reply

RE:RE:AGM

I was the only outside shareholder present.  Delighted that it took place at their Edinburgh Road facility - in the belly of the beast.  My takeaways are in my earlier comments.  rate and reply

HMM.A vs MSFT

10 Year CAGR               HMM.A      MSFT  Revenue  8.3%         9.2% EPS         15.6...read more

RE:RE:RE:Rock Solid Q3

Yes it is a shame that is the case. Sure the stock would become more illiquid. But value per share would increase at a very attractive rate if buybacks were initiated. But I can see their point and we...read more

RE:AGM

Would also love to hear some takeaways from anyone that attended.   rate and reply

RE:Rock Solid Q1 😀🤩😎

Yes, me too. HMM.A is currently my largest position. Up to 2 years ago it was BRK.B that was my largest position. Compared to BRK.B, HMM.A is smaller ( !!! ) and more volatile. I'm not buying more...read more

Rock Solid Q1 😀🤩😎

Q1 was very good, and Hammond indicate there is plenty of business for the foreseeable future ... i.e., the next couple of quarters.  Readers, expect to see several future posts with titles...read more

AGM

This morning was the annual general shareholder meeting. Was anyone there? Did they give any details about the expansion?  rate and reply

Rock Solid Q4

A second year in a row with 68c EPS.  2021 had a few tailwinds, in particular CERB handouts and a drawdown of inventory to satisfy strong demand.  In 2022, on the other hand, the company had...read more

RE:RE:Rock Solid Q3

I've asked about a buyback at the AGM and management's opinion is volume on the stock is already so low and a buyback would just take away from that.  They want to stay a public company.  rate and reply

RE:Rock Solid Q3

Agreed ! I wonder who in their right mind is selling now at this price. It would be high time for management to start a solid stock buyback program. A regular and enhanced dividend also wouldn't...read more

Rock Solid Q3

Another excellent quarter.  I was concerned about supply chain issues, labour shortages, and depleted inventories.  But the company managed to match Q2 sales and still replenished inventory...read more

RE:RE:RE:RE:Dividend

It seems that Hammond is using its profits to pay for an expansion. That was exactly what I was talking about a few months ago. I think that in the long run, this will be more profitable than simply...read more

RE:Nice!

The Q2 EPS of $0.20 was yet another solid quarter.  In fact, once product pricing catches up to inflated raw material costs in Q3, margins and earnings should increase further.  Lots to look...read more