2024-03-08 04:32:43 ET
Summary
- Canadian electrical components manufacturer Hammond Manufacturing Company's stock stands out with its 42% price rise year-to-date. However, its P/E is at the highest in 5 years as a result, too.
- This doesn't sit well against its lower-than-long-term average revenue growth in 2023 but is made up for by its best margins in a decade.
- While the revenue growth outlook is soft even for 2024 on a weak macroeconomic outlook, the potential for margin rise gives hope and may also result in a moderated P/E.
We might be less than a quarter into 2024, but some stocks are racing ahead already. A case in point is the Canadian electrical and electronic component manufacturer Hammond Manufacturing Company ( HMM.A:CA ) (HMFAF), which is up by 42% year-to-date [YTD]....
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For further details see:
Hammond Manufacturing: Margin Increase Is The Highlight