Richelieu Hardware Ltd RHUHF

Primary Symbol: T.RCH

Industrials Industrial Distribution

Richelieu Hardware Ltd is an importer, manufacturer and a distributor of specialty hardware and complementary products. Its products target a customer base of kitchen and bathroom cabinet, storage and closet, home furnishing and office furniture manufacturers, door and window manufacturers, residential and commercial woodworkers and hardware retailers, including renovation superstores. The Company offers customers a broad mix of products sourced from manufacturers worldwide. The Company operates through its three manufacturing subsidiaries, Les Industries Cedan Inc., Menuiserie des Pins Ltee, and USIMM UNIGRAV Inc., which manufacture various veneer sheets and edge banding products, a broad selection of decorative moldings and components for the window and door industry as well as custom products, including a three-dimensional (3D) scanning center. Its product selection consists of over 145,000 different items and has more than 120,000 active customers.

TSX:RCH - Post by User

Richelieu Hardware Ltd

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Post by Possibleidiot01on Jan 23, 2024 4:00pm

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Post# 35841582

Stephen Takacsy - BNN - PAST TOP PICK

PAST TOP PICK

(A Top Pick Jan 31/23, Up 10%)

Are tied to home renos and there was huge pent-up demand coming out Covid. So, RCH stocked up on inventory and gained market share. Was up 30% last year, but last week they reported lower margins that will persist given excess inventory (that will last a few quarters). So, he took some profits around $45, but will buy them back. A strong balance sheet and track record.

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