HBB - Hamilton Beach Brands: Early Signs Of Improvement Are A Start
2024-06-16 23:24:51 ET
Summary
- Hamilton Beach Brands has seen a 92.3% increase in stock value since April 2022, outperforming the S&P 500.
- HBB has shown signs of improvement, with a healthier bottom line and revenue that is stabilizing.
- Management expects modest revenue and operating profit growth, and the company has low debt and attractive pricing compared to competitors.
- This doesn't make it an attractive purchase just yet.
From my experience, some of the best opportunities out there are the kinds of companies that you wouldn't expect to see upside from. The electric household appliance industry, for instance, really isn't all that exciting. Many of the products have been around for decades, with only small improvements made to them over time. It is a highly competitive space that suffers from low margins. Even so, that didn't stop me from recognizing the opportunity that was Hamilton Beach Brands Holding ( HBB ) when I first wrote about it in April 2022....
Hamilton Beach Brands: Early Signs Of Improvement Are A Start