Q: I guess Adentra and HDI are the same company. Why the switch - what was the value? That you keep HDI on file is confusing as there is now no reference to the name change.
5i Research Answer:
Our system is tied to symbols, and we left the prior questions on the company under the old symbol so Members could reference older questions. HDI changed to ADEN in December 2022. The company wanted to re-brand, as having ''woods" in its name reminded investors of the cyclicality of its business. The stock is doing well and remains cheap at 10X earnings. Debt is still on the high side (largely for inventory) and it is back in EPS-growth mode. EPS is much lower however than the peak during the pandemic.