Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s): HMDPF

Industrials

Hammond Power Solutions Inc. is a Canada-based company, which enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. The Company's standard and custom-designed products are essential in electrical distribution networks through an extensive range of end user applications. The Company has manufacturing plants in Canada, the United States, Mexico and India and sells its products around the globe. Its products include power transformers, furnace transformers, converter transformers, regulating transformers, multi-pulse transformers, distribution transformers, pad mounted transformers and unitized substations. Its converter transformers are used in industries such as cement and steel plants, and other related applications. It serves various industries, including renewable energy, commercial infrastructure and industrial markets. It offers a variety of transformer and reactor solutions for the solar and wind energy market.

TSX:HPS.A - Post by User

Hammond Power Solutions Inc

Bullboard Posts

Post by zrobertsonon Mar 10, 2017 9:39pm

222 Views

Post# 25967030

Same BS different quarter

In October:

"Net earnings for Quarter 3, 2016 finished at $99 compared to net earnings of $1,092 in Quarter 3, 2015, a decrease of $993 or 90.9%."

The very first line in the October letter to shareholders:

"Fellow Shareholder,

Despite a tough third quarter, Hammond Power Solutions Inc. (“HPS”) is certain of an upturn in the remaining quarter of the year. "

Yesterday:

"Net earnings for Quarter 4, 2016 were $293 compared to $3,351 in Quarter 4, 2015, a decrease of $3,058 or 91.3%."

I finally got out of this dog at the end of last year, using the loss against some gains. Will still watch with interest going forward, certainly won't be owning it again though.