HWCC Can Go Lower
Houston Wire & Cable Company (HWCC) is a wholesale provider of industrial products such as industrial fasteners, electrical and mechanical wire, and cable, hardware, and related services. In the past few months, many of the economy and industry indicators have weakened in the U.S. Until the macro and energy market activities improve, I do not think returns from the stock can yield positive returns in the short-term.
To mitigate the adverse effects, the company looks to strengthen efforts to garner market share in the low-smoke, zero-halogen cable product line.