With earnings closely linked to capital and infrastructure spending in the economy, Houston Wire is a stock meant only for the long term players.
The Houston Wire and Cable Company (HWCC) has been in business for over 40 years, with a history marked with successful IPO’s, and a number of mergers and acquisitions. Operating in an industry heavily linked to capital investment in the economy, HWCC and its peers have recently seen a drop in demand, and resultantly, a decline in sales and earnings. The company, in proportion to its size, seems to . . .
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