Bullboard - Stock Discussion Forum Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s): HMDPF

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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... see more

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TSX:HPS.A - Post Discussion

Hammond Power Solutions Inc > Better than Hammond Power

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Post by Torontojay on Feb 14, 2024 12:49pm

Better than Hammond Power

A little known company in the US called Preformed Line Products offers much better value at the moment than Hammond Power does imho. I think valuations are a little stretched at the moment.

It also comes up on my defensive stock screener as both a defensive play while offering compelling growth at the same time. The stock price (plpc) has just about doubled in the last 3 years and I think it can go higher from here.

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Comment by colourama on Feb 14, 2024 1:29pm

HPS sure has been firing on all cylinders, but there is a fair amount of expectations baked into the price at this level at > 20x TTM earnings. Absolutely amazing run though.

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