Hammond Manufacturing Company Ltd T.HMM.A

Alternate Symbol(s): HMFAF

Industrials

Hammond Manufacturing Company Limited is a Canada-based company, which is involved in the design, manufacture, and sale of electrical and electronic components. The Company manufactures a range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers. Its primary products include electrical and electronic enclosures, racks and cabinets, power bars, and electronic (low voltage) transformers. The Company and its subsidiaries operate in Canada, the United States, the United Kingdom and Australia and Taiwan. Its products include Mild Steel Enclosures (Type 12, 4), Stainless Steel Enclosures (Type 4X), Aluminum Enclosures (Type 4X), Disconnect Enclosures, Modular Freestanding Enclosures, Operator Interface Enclosures, Wireway & Trough, Commercial Enclosures, Climate Control, Data Communication Infrastructure and General Accessories.

TSX:HMM.A - Post by User

Hammond Manufacturing Company Ltd > New High

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Comment by wkrpradioon Jun 21, 2023 2:00pm

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Post# 35507610

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New High

HyperCube wrote:
wkrpradio wrote:
HyperCube wrote:
wkrpradio 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.

I'm just saying that making money is the object of the game. I've owned HMM.A and HPS.A for several years. I reduced my holdings in HMM.A and purchased more HPS.A in 2020 for $7.45. HPS.A is now trading in the $46.00 range.

Momentum and volume will beat personal feelings every time.

In my opinion, momentum, volume and personal feeilings all have little value in the evaluation of a stock.

Three years ago MSFT had momentum and volume. HMM.A had neither. Since then MSFT is up 73%, HMM.A is up 248%. You can find very few stocks that had momentum and volume three years ago that did better than HMM.A.

In my opinion, price to earnings, price to book and projected future earnings are much better metrics to evaluate a stock than momentum and volume. HPS.A had good standings by those metrics three years ago, just like HMM.A.

As for personal feelings, we can agree that its usefulness is dubious.