some more reasons to buyI have previuosly posted 3 good reasons to buy.
More reasons:
1. growth expectedto be in double digits for the the next few years; closer to 15%
2. supplier to Google, Microsoft amongh others: Hammond producsts are conisdered the gold standard
3. They are the largest manufacturer of dry transformers in Noth America.
Lots of room for share growth and dividend increases. Company reminds me of Pollard Banknote. everyone ignored it for the longest time. I bought that stock at 7 dollars 6 years ago and now trading at over 40.00 .
Hammond should hit $16.00 by year end.
Year end numbers come out thursday after the msrket closes, a week earlier than last year.
Watch the share price -- if the 4th q is as good as I think we might see a share price closer to $11.00 by Friday.