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Bullboard - Stock Discussion Forum 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... see more

TSX:HPS.A - Post Discussion

Hammond Power Solutions Inc > Better than Hammond Power
View:
Post by Torontojay on Feb 14, 2024 12:49pm

Better than Hammond Power

A little known company in the US called Preformed Line Products offers much better value at the moment than Hammond Power does imho. I think valuations are a little stretched at the moment. 

It also comes up on my defensive stock screener as both a defensive play while offering compelling growth at the same time. The stock price (plpc) has just about doubled in the last 3 years and I think it can go higher from here.

Comment by colourama on Feb 14, 2024 1:29pm
HPS sure has been firing on all cylinders, but there is a fair amount of expectations baked into the price at this level at > 20x TTM earnings. Absolutely amazing run though.
Comment by Torontojay on Feb 14, 2024 1:56pm
Yes an amazing run for sure. 
Hammond Power Solutions Inc
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