Hammond Manufacturing Company Ltd T.HMM.A

New High

[HyperCube]

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 production in less than a year. In a year I expect the price to be much higher.

[DempsterMill]

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!

[babybunny]

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 history of weak earnings, and a declining sales trend.  Hardly the case here.   I think we are still in the early innings of the pendulum swinging from growth to value.  Blue chip