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HZN - Horizon Global: Good Sale; Problems Are Not Solved
Horizon Global Corporation
Horizon Global (HZN) is a stock which has been hit very hard after two sizeable acquisitions in Europe were ill-timed and did not deliver on their anticipated profit contribution. Hence the company is now saddles with high leverage, and lack of earnings, or better said, losses, being a very painful cocktail for the company and its shareholders.
Shares have more than doubled from $10 to $25 in 2016 as the company was making these deals and reported good profits. As headwinds became apparent in 2017 and 2018, shares have fallen to a low