Houston Wire & Cable Company (NASDAQ:HWCC)
CAPS Rating:
The Company is a distributor of specialty wire and cable and related services to the U.S. electrical distribution market.
The Company is a distributor of specialty wire and cable and related services to the U.S. electrical distribution market.
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I've been watching this one for awhile. HWCC acts as a middleman providing specialty wire to electrical customers. The company also offers privately branded products. I believe this to be a boring yet predicatable business, the perfect compliment to some of the other stuff in my Caps portfolio. I value HWCC at around $28 per share yielding a near 40% safety net. Recent weakness in the stock has made a good buy that much better.