Post by
bigbird11 on Mar 04, 2023 10:59am
HPS.A STOCK HITS NEW 52 WEEK HIGH
MY OBSERVATIONS OF WHAT I AM SEEING
Firstly I have been watching this stock since the $10 - $12 range and watched it go over $20 and figured oh well earnings peaked no sense getting in --- too late . Until one day an announcement came out Dec 20. " Planned increase to spend $40 million over 2 years to increase sales capacity by approximately 180 million --- DUE TO VERY FAVOURABLE ENVIRONMENT WHERE THE ELECTRIFICATION OF OUR ECONOMY CONTINUES TO DRIVE STRONG DEMAND IN OUR INDUSTRY" ---------- the perfect storm in my mind . Low float and making some serious money. Started buying at $19.84 and finished a week last Friday at $26.09 .
If you have noticed that there has been block trades Paradigm----Paradigm 30,000 shares
Acumen---Acumen 20,000 and more over the last few months. These are mutual fund companies trimming their portfolios as they always sell no matter what . There are other mutual fund companies looking for stock but due to low float they ars scrambling to get some. They call one another looking for stock. Earnings coming out end of trading Tuesday. This is what we got so far starting with the 1st quarter .72 + .55 + .97 + $.1.00 ????? = $3.24 ????
Being conservative 10 x earnings $32.40 Next year $1.00 ???? x4 = $4.00 ?
Being conservative 10 x earnings $ 40.00
Just speculating ........... I could see this stock close over $30 by Tuesday. If the earnings for the quarter are approx $1.25, nothing to see this go to $35 . NOT TELLING ANYBODY TO BUY JUST WHAT I SEE GOING ON . I am here for the long haul unless something goes terribly wrong with this company.
It would not surprise me to see Mr.Hammond get an offer this year .