Hammond Power Solutions Inc T.HPS.A

here come the upward revisions

[microcaphobby]

Hammond Power Solutions (HPS-A:CN) PT Raised to Cdn$22 at Canaccord Genuity

[undervalue]

I was reading the Ivey investment fund reports a quarter ago. They have a position in Plpc. Not the same as Hps, but products in similar utility spaces. I bought a few at 60. Their earning came in at 5.25 for 6 months.  Looking like $10 plus for the year.

[microcaphobby]

Interseting comprison. Just on a market cap to sales comparison, Hammond's market cap is 32% of sales and PLPCE is 50%  of sales. Hammond's operatng margin is 8.56%  and plpc is 6.84%. Hammond's growth propsects are better.  Any way you cut it,Hammond  stock is undervalued by at least 20%. ie share should be at $20.  These are conservative numbers . 

[undervalue]

I agree, i have a much larger HPS position.  The tailwinds in the sector are noteworthy.

[Paddy902]

I used to think $16 would be a good exit point, but they keep improving numbers and I keep adjusting upwards....that $22 target price is appealing!!