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The resilient result out late last week for Hallenstein Glasson [HLG.NZ] prompted me to add this company to the Stock of the Week list. A profit down from last year nonetheless but a result that shows promise for better to come and a well managed business in very troubled times.
Like every other stock on the New Zealand sharemarket this one has taken off recently (see one year chart above) and at NZ $3.03 it is higher than it was over a year ago when the economy really hit the fan and people stopped shopping but it has been alot pricier at a high of over $ 5.75 3 years ago (see 5 year chart below)
Another attractive selling point is its consistently good dividends that have been paid over the long term and this has been the result of maintaining costs to a minimum and growing sales and therefore cash flow to pay that dividend.
It is paying a gross return of over 10% at today's share price of $3.03.
If you are interested in a good long-term investment get in on general market weakness come October.
Good Luck!
Hallenstein Glasson Australian expansion needs expert execution
Why did you buy that stock? [Hallenstein Glasson]
Disclosure: I own HLG shares in the Share Investor Portfolio
Stock of the Week Series
Mainfreight Ltd
Fisher & Paykel Healthcare
Xero Ltd
Auckland International Airport
Sky City Entertainment Group
Burger Fuel Worldwide
Michael Hill International
Contact Energy Ltd
The Warehouse Group
Fisher & Paykel Appliances
Related Amazon Reading
Specialty Shop Retailing: Everything You Need to Know to Run Your Own Store by Carol L. Schroeder
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c Share Investor 2009
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