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Hammond Manufacturing Company Ltd T.HMM.A

Alternate Symbol(s):  HMFAF

Hammond Manufacturing Company Limited is a Canada-based company, which is involved in the design, manufacture, and sale of electrical and electronic components. The Company manufactures a range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers. Its primary products include electrical and electronic enclosures, racks and cabinets, power bars, and electronic (low voltage) transformers. The Company and its subsidiaries operate in Canada, the United States, the United Kingdom and Australia and Taiwan. Its products include Mild Steel Enclosures (Type 12, 4), Stainless Steel Enclosures (Type 4X), Aluminum Enclosures (Type 4X), Disconnect Enclosures, Modular Freestanding Enclosures, Operator Interface Enclosures, Wireway & Trough, Commercial Enclosures, Rack Accessories, General Accessories, Low Voltage or High Voltage Tube plate, and others.


TSX:HMM.A - Post by User

Post by babybunnyon Mar 08, 2022 9:24pm
270 Views
Post# 34497889

Rock Solid Q4

Rock Solid Q4A second year in a row with 68c EPS.  2021 had a few tailwinds, in particular CERB handouts and a drawdown of inventory to satisfy strong demand.  In 2022, on the other hand, the company had to earn every penny the old-fashioned way.   So the bargain 5.7 P/E seems to be legitimate and sustainable.

Just a year until the next major expansion is complete, and I can hardly wait.

I cannot believe I was able to pick up a decent tranche of shares at $3.89 today.  Keep offering me shares at these prices, and I will keep buying.  This puppy should be closer to $10 than $4.

Just my opinions, as always.

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