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Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $130.57)
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Powell Industries Inc. (POWL $258.09)
Q: Hi there. Looking for an update on POWL. I note that you seemed to have a favourable opinion in early February and the PE has come down since then given the market. What further downside might you expect or do you think it has found a floor? What does it need as a catalyst to move back up? Finally, POWL or HPS.A or 1/2 of each?
5i Research Answer:
We still like POWL, and P/E now at 12X is quite interesting. The last quarter was good, and the...