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Hammond Manufacturing Company Ltd T.HMM.A

Alternate Symbol(s):  HMFAF

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

Comment by Northforce13on Aug 02, 2023 3:32pm
208 Views
Post# 35569703

RE:RE:Earnings $0.49

RE:RE:Earnings $0.49Been in since March 2021, not a huge position.  It used to historically sell for < 0.5x book for a very long time.  Over the past couple of years we that metric is steadily closing as perception of the stock steadily changes.

I think so long as they continue to perform so well, this will rerating continue and share price gains will outpace the growth in book value.  

I too was shocked too by the strong numbers, was expecting 0.20 to 0.30 range.  

Plus they state they expect sales to continue to perform well, and their new fab is coming on line.  

This is such an easy play, even at these prices after the multi year run up.  Sells below book, is growing, P/E of < 5.  Crazy cheap.  

Bought miniscule amount more for my dad and girlfriend's accounts this am at 6.30. 

Nice stock nice play here, lets all enjoy the ride :-)

GLTA


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