RE:RE:RE:RE:RE:RE:RE:RE:New Highwkrpradio wrote: HyperCube wrote: wkrpradio wrote: babybunny wrote: $5 is nothing remarkable, still a bargain basement price. I expect Hammond to be bid up closer to book value once the rock solid full year 2022 financials are disclosed.
The problem is that it is a thinly traded stock that has a dual class shareholder system.
The Hammond clan has all the power.
Yes HMM.A is thinly traded. But for the past few weeks there has been a little more trades. And the dollar value (number of shares times price) of those trades has increased a lot. I think the dollar value volume is more important than the number of shares traded. I also expect interest and volume to increase in the next few months with the new facility starting up.
HMM.A will still be thinly traded. It is a micro-cap. But it is better than it was and it will improve more.
You are entitled to your opinion , but it is a well known fact , that large institutions will not get involved in these kind of companies. Also the P/E ration is well below the market average.
I'm not sure what is the point you are trying to make when you say that the P/E ratio is well below market average. Are you implying that this is a bad thing? I like to buy companies with low P/E. You don't pay much for lots of earnings.