HWCC has multiple headwinds
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. While the U.S. unemployment rate is at a multi-year low and the GDP growth rate signals steady growth in the past few months, the PMI index and the energy sector activities are not bullish. The energy sector has witnessed several headwinds developing in the previous quarter, including the completion activity slowdown, energy price decline, and infrastructure bottlenecks in some of the key