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.

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Richelieu Hardware Ltd

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Post by Possibleidiot01on Sep 24, 2024 5:50pm

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Post# 36239223

Stephen Takacsy - BNN - DON'T BUY

DON'T BUY

He recently sold it around $44, buying earlier around $35-39, because their latest results disappointed. They stocked on products post-Covid due to supply chain problems to gain market share; not a bad strategy. However, they've been stock with costly inventory, so they've had to discount that which really shrinks their margins. Well-managed and consolidate peers well. Long term you will make money, but this go sideways for a while. Zero/no organic growth. Maybe you can buy on dips, if you're long term.

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