I see nothing specific, just a few general things.
1. HI is doing well with its acquisition and the 2nd branch of business expansion. It looks like HI should be in a long term uptrend. The previous ceiling at 29.5 was broken with some volume in the last few days, so I expect the stock to run until the next ceiling and go into another consolidation phase.
2. In the short and mid term, the industrial process group is usually slowest in the first quarter and busiest at the 4th quarter. The share price might be anticipating that.
3. And as you said, HI has plan to expand into a 3rd branch of business. I am guessing we will probably hear more about this toward the end of the year.
I think it went up so much today, because it was silly that the market took it down to about $26. Obviously, it was an over reaction to the overall market. Also, the processing equipment group is coming along nicely.
saw this in the transcript.
"And during our last earnings call we shared with you that we expected Process Equipment Group revenue to be the lowest in the first quarter of this year and the highest in the fourth quarter and I want to confirm that is still our expectation."
Should get better from here on.
I don't think they have said anything about their target for the third branch yet, being busy with the industrial processing. But we should know this year.
Well I guess it not mattering much right now. Maybe they will say something at the next CC. Also, I am hoping they will soon reveal the 3rd branch of the business they will be investing in, as well.
I can safely say this is the worst of my stocks. I am just hoping the dividends will remain stable, and ride this out waiting for the company to execute its plans.
Right. I am not sure why we are dropping so much. The only thing is that they might be stretched out thin, building out their core, buying out Copper Beech, and expanding up to Canada. Oh ya, and there is one hi-rise one I forgot where it belongs to. But if they can execute everything properly, according to plan, the future should be good.
Lay off the eggnog? But seriously, worst case scenario, it goes back to retest 25. Will probably just go sideways for awhile