Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s): HMDPF

Industrials

Hammond Power Solutions Inc. is a manufacturer of dry-type transformers in North America. It is engaged in engineering and manufacturing a range of standard and custom transformers that are exported in electrical equipment and systems. It enables electrification through its range of dry-type transformers, power quality products and related magnetics. Its standard and custom-designed products are essential and ubiquitous in electrical distribution networks through a range of end-user applications. Its products include power transformers, furnace transformers, converter transformers, unitized substations, control & automation products, low voltage distribution products, medium voltage distribution products and others. It supports solid industries, such as oil and gas, mining, steel, waste and water treatment, commercial construction, data centers and wind power generation. It has manufacturing plants in Canada, the United States, Mexico and India and sells its products around the globe.

TSX:HPS.A - Post by User

Hammond Power Solutions Inc > stop losses

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Comment by wkrpradioon Aug 16, 2023 2:57pm

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Post# 35591529

RE:stop losses

Catscratch wrote: Seems like some motivated stop losses are getting filled... creating a good buying opportunity for long term investors.

Don't forget the fundamentals:

- Record Revenue, Net Income and EBITDA
- Record Backlog (up 44% in Q2/23)... paves way for strong Q3.
- TTM EBITDA of $87M (7x trailing EBITDA)
- On track to deliver $90- $100M EBITDA within next two quarters (6x forward EBITDA)
- net cash positive (no nebt debt).

There seems to be a shakeout of cash poor speculators which . I agree, should reward patient investors that buy shares at bargain prices. .

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