Heritage Has To Work Through Its Loan Problem, But Q4 Will Be Record [Seeking Alpha]
Heritage Global Inc. (HGBL)
NASDAQ:AMEX Investor Relations:
hginc.com
Company Research
Source: Seeking Alpha
The company's financial segment is performing well and is expected to have a strong fourth quarter. Heritage Global should focus more on its brokerage segments and improve its financial reporting for long-term success. The author does not consider HGBL a long-term buy until the loan problem is resolved, and reporting improved. However, the author speculates that HGBL's 4Q23 report will have record, unexpected earnings, a situation that might be interesting for speculative investors. Heritage Global ( NASDAQ: HGBL ) is a distressed assets broker in physical and financial assets. I wrote about the company one year ago, with a Hold rating. At the time, I considered the stock price already discounted most positive developments and that the market was prone to disappointments, as one-time earnings from asset sales would not repeat. Since that article, the stock has rallied 45% to $4 by July 2023, only to lose those gains to $2.9, close to the publication price. The original
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News
- Heritage Global Partners to Host Exclusive Online Auction of Solar Assets by Order of US Bankruptcy Court [Yahoo! Finance]Yahoo! Finance
- Heritage Global Partners to Host Exclusive Online Auction of Solar Assets by Order of US Bankruptcy CourtBusiness Wire
- Heritage Global to Announce First Quarter 2024 Results and Host Webcast on Thursday, May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- Heritage Global to Announce First Quarter 2024 Results and Host Webcast on Thursday, May 9, 2024Business Wire
- Heritage Global Inc. to Attend the Planet MicroCap Showcase: VEGAS 2024 [Yahoo! Finance]Yahoo! Finance
HGBL
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/23/24 - Form DEF
- HGBL's page on the SEC website