HZN - Unhitch From Horizon Global
My regular readers know that I love a good “underloved” story. For that reason, people might be forgiven to think that I’d be a fan of Horizon Global Corp. (HZN), the shares of which are down about 54% over the past 12 months. They’d be forgiven for thinking that, but people would be wrong. I am not a fan of Horizon Global and I’ll go through my reasoning below. In a nutshell, the reward simply isn’t worth the risk at these levels.
The Company
Horizon Global is a leading designer, manufacturer, and distributor