HTL - Hamilton Thorne

[longlake95]

Hard to complain about management execution here.

[longlake95]

Another great quarter.

https://www.hamiltonthorne.ltd/index.php/2021-press-releases/279-hamilton-thorne-reports-financial-and-operational-results-for-the-quarter-ended-march-31-2021

 

[Gregmal]

As I said in the OP, this should be 10-15 bags over the next decade. Book it. 

[longlake95]

Ya, Wolf keeps doing what seems like good accretive deals AND is balancing profitability as well. Great combo in my opinion. I don’t just want growth for growth’s  sake. My biggest worry is we get taken out.

I would like to see an uplisting. 
 

 

Edited May 25, 2021 by longlake95

[longlake95]

Q1 2021 Conference call:

- overall optimistic tone

-seeing significant rebound in sales in US as pent-up demand is returning to the market.

-Germany/UK strong but slow...lots of regulation due to covid. France so-so. 

-customers are cautious on capital goods purchases. Consumables doing better.

-Asia Pac is 18% of sales and they are paying more attention to the region, They think there is a long runway of growth there. Teck-event acq. while small, provides a good base for proximity to Asia. ( having Han Feng from Pagoda Cap in board IS A BIG plus in my book).

-they think the industry grows at 7% for a long time. Their goal is to grow faster than the industry.

-they have a pipeline of 160 ish, M&A candidates, many are small family operations and require “nuturing”.

-they are hesitant (rightly so) to outline the kind of deals/products/services they are interested in perusing....don’t want to tip their hand.

-new bank line ($8 mm I think...) is cheap capital for M&A. Gives them more firepower.

-good expense control. Expenses will go up going forward as travel/trade shows return. More so in Q3.

well...that’s it...