Heritage Global: Profiting From Recessionary Fundamentals, Yet Investors Misunderstand The Business Model [Seeking Alpha]
Heritage Global Inc. (HGBL)
NASDAQ:AMEX Investor Relations:
hginc.com
Company Research
Source: Seeking Alpha
Discussing how HGBL capitalises on current macroeconomic catalysts, though liquidity in the stock has been low, indicating market inefficiencies. Last year, the stock trended down amid uncertainties within the loan financing business, an entity that contributes to a small extent to the company's consolidated operating income. With bankruptcy filings trending higher and non-performing loans approaching volumes not seen since the great financial crisis, HGBL's profitability should improve substantially this year (Rating: Buy). Heritage Global ( NASDAQ: HGBL ) stock is flat year-to-date, up 12% year-over-year. After the company announced that their largest borrower was granted a loan refinancing, the stock plunged more than 20% since November last year. However, investors seem to miss that this only affects one of their four operating entities, for instance, the entity with the lowest contribution to the company's earnings. Meanwhile, HGBL's industrial auction, resale and valuatio
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HGBL
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