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 similar to this one.
First stage of Palmerston facility is expected to go into production around March 2023. This will take the load off some of the other operations that are groaning under the weight of strong sales. Ultimately, the expansion may contribute more to efficiency and margin expansion than to raw sales.
I am still astonished that Hammond trades at a P/E of 5. I have a full position already, but am sorely tempted to add more.
Just my opinions, as always.