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  5. HPS.A: Is this a good time to initiate a position. [Hammond Power Solutions Inc. Class A Subordinate Voting Shares]
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Q: Is this a good time to initiate a position. If not, what is a good entry price. It will be a long term hold.

Thank you
Asked by Carol on July 23, 2024
5i Research Answer:

We continue to like HPS.A and think the growth profile is strong. We think $100 is a good entry price, but with earnings releasing this Thursday, July 25th the stock has ticked up. We are still comfortable at current levels of about 18x forward earnings and think HPS.A is a strong long-term hold. 

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