Houston Wire & Cable Lacks The Thrust
Houston Wire & Cable Company (HWCC) is a wholesale provider of industrial products such as electrical and mechanical wire and cable, industrial fasteners, hardware, and related services. HWCC’s growth is more likely to remain subdued in the near term. Plus, the stock’s relative valuation multiples are not cheap. I do not think the stock will produce positive returns in the short term. When the macro and the energy environment become more promising, its growth will follow suit. Until then, investors should exercise restraint in investing in