HXGBF - Hexagon: Pointing In The Right Direction

2024-06-17 14:00:03 ET

Summary

• The company's current valuation may not be as attractive as before, leading to a recommendation to "HOLD" rather than buy.
• Hexagon AB has shown superb forecasting performance over the past year, with a focus on when to invest in the company.
• Despite some challenges, Hexagon's reorganization and focus on key segments show potential for future growth.

Dear readers/followers,

The title of the article, pointing in the right direction, refers to two things. First, I point to my own performance in forecasting Hexagon AB ( OTCPK:HXGBY ) ( OTCPK:HXGBF ) as a company, which honestly, over the past year or so, has been superb. I went "in" at the right time, and I also went "out" at the right time. My last article for the company can be found here , and since that time, the company has meaningfully underperformed the S&P 500. I also managed to, as you can see there, "hit" the right notes as to when to invest in the company.

Due to the combination of a short-selling attack (the effects of which you can see during the fall), and some deterioration in the company's results, the company dropped to appealing levels and then recovered. I have not bought more - at least not until now that I am updating the company thesis. Hexagon's reorganization and focus on key segments show potential for future growth, but its current valuation may not be as attractive as before....

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