Q: Going into earnings do you think that Hammond Power solutions is a safe hold.
I recently hold a 5% position at 103.00.
Thanks
I recently hold a 5% position at 103.00.
Thanks
5i Research Answer:
We like its current levels for accumulation, and a lot of its recent troubles from stock-based compensation have likely been priced in. Another consideration is since its price has actually decreased since its last earnings, SBC could act as a slight tailwind on its earnings, and this could be beneficial for the name. We would be comfortable holding through earnings.