Post by
Tomsson on Feb 15, 2023 12:04pm
Hrx shares can head significantly lower with a recession
I compare HRX to the old Devtek Corporation.
In the early 1990s Devtek stock had dropped from over $15.00 to $1.20 before rebounding and staying between $2.50 to $4.00 for years.
What caused the stock price drop ? A recession and write offs.
The earnings are very similar so hold on to your cash. Patience will be rewarded.
Another thing to watch are other large industrials such as Magna and Boeing.
They are good indicators of things to come.
....And just because HRX drops below $4.00 doesn't make it a screaming buy. It may stay there for a long time, just as Dwvtek did in the 1990s.
If you start to see more cracks in earnings the sidelines are the best way to play it !
GLTA
Comment by
Curious777 on Feb 16, 2023 8:03am
Very funny! You have the 90' blues? And if you wish, I could provide you with a dozen of dougnuts to watch the show from the sidelines... just let me know your favorite flavours. thanks for th laugh!
Comment by
Tomsson on Feb 16, 2023 6:36pm
Maybe you should have some coffee with those donuts when you call hrx's customers ! I wouldn't want you to choke on those donuts. Still delivery issues ! But getting better. I guess alot of companies still have some issues but skilled labour is also an issue.
Comment by
Curious777 on Feb 17, 2023 3:28pm
Thanks for the advice and good humour. all my respect, que sera sera!
Comment by
ERTguy on Feb 22, 2023 3:18pm
Good luck with that. $2 you gotta be kidding me. The only reason this is lower is due to higher costs. Demand in this sector will be significant over the next 12 months. Cheers