Hartco Inc

HCI-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about HCI-T

Signal
Opinion
Expert
COMMENT
COMMENT
August 12, 2013

Have a number of stores and are a leader in their field. Clean balance sheet, money in the bank and no debt. CEO said that the turnaround was going to take longer than expected and their revenues kept on declining. Sold his holdings a number of months ago at a slight loss.

Hartco Inc (HCI-T)
August 12, 2013

Have a number of stores and are a leader in their field. Clean balance sheet, money in the bank and no debt. CEO said that the turnaround was going to take longer than expected and their revenues kept on declining. Sold his holdings a number of months ago at a slight loss.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.680
Owned
No
PAST TOP PICK
PAST TOP PICK
October 2, 2012

(A Top Pick Oct 4/11. Down 15.98%.) Has done poorly over the past year. Took over a company that didn’t work out so they have been writing it off. Revenues have also been decreasing from $500 million-$400 million. President feels it will be another quarter or 2 before things turn around, so patience is necessary. It is still on his Buy list but he is less patient now than he was before.

Hartco Inc (HCI-T)
October 2, 2012

(A Top Pick Oct 4/11. Down 15.98%.) Has done poorly over the past year. Took over a company that didn’t work out so they have been writing it off. Revenues have also been decreasing from $500 million-$400 million. President feels it will be another quarter or 2 before things turn around, so patience is necessary. It is still on his Buy list but he is less patient now than he was before.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.260
Owned
Yes
BUY
BUY
May 31, 2012
(Market Call Minute)
Hartco Inc (HCI-T)
May 31, 2012
(Market Call Minute)
Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.530
Owned
Unknown
TOP PICK
TOP PICK
March 21, 2012
Huge company in Quebec. Profits dropped last quarter. No debt, lots of cash. Hoping they will pay a dividend soon. Thinly traded.
Hartco Inc (HCI-T)
March 21, 2012
Huge company in Quebec. Profits dropped last quarter. No debt, lots of cash. Hoping they will pay a dividend soon. Thinly traded.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.750
Owned
Yes
TOP PICK
TOP PICK
October 4, 2011
IT solutions out of Quebec along with retail outlets. Had about $150 million in revenues this past quarter. Clean balance sheet. Looking for a double. Not a lot of liquidity, so a tough one to trade.
Hartco Inc (HCI-T)
October 4, 2011
IT solutions out of Quebec along with retail outlets. Had about $150 million in revenues this past quarter. Clean balance sheet. Looking for a double. Not a lot of liquidity, so a tough one to trade.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.610
Owned
Yes
HOLD
HOLD
August 25, 2011
Expected them to turn around more quickly than they had. ERP system is taking too long to bring on line. They are a tech company should have had a better idea how they work. Hoping they will pay a dividend again in time.
Hartco Inc (HCI-T)
August 25, 2011
Expected them to turn around more quickly than they had. ERP system is taking too long to bring on line. They are a tech company should have had a better idea how they work. Hoping they will pay a dividend again in time.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.990
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 4, 2011
(Top Pick Feb 9/10, up 8.33%) Marginal profit last quarter because of IT upgrades/ERP system installation. Typically ERP installation is a red flag for a stock until it is completed. Leader in the field, revenues up year over year. When they re-establish the dividend that should really help the stock price.
Hartco Inc (HCI-T)
January 4, 2011
(Top Pick Feb 9/10, up 8.33%) Marginal profit last quarter because of IT upgrades/ERP system installation. Typically ERP installation is a red flag for a stock until it is completed. Leader in the field, revenues up year over year. When they re-establish the dividend that should really help the stock price.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.250
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
July 13, 2010
Still likes it but would not buy it. Likes the management. No debt. Doing a lot of interesting things to turn the company around. Sweet one in his portfolio. Would not surprise him to see a dividend in the next year or so.
Hartco Inc (HCI-T)
July 13, 2010
Still likes it but would not buy it. Likes the management. No debt. Doing a lot of interesting things to turn the company around. Sweet one in his portfolio. Would not surprise him to see a dividend in the next year or so.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.400
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
June 8, 2010
(Top Pick Jun 12/09, Up 39.50%) Good upside play.
Hartco Inc (HCI-T)
June 8, 2010
(Top Pick Jun 12/09, Up 39.50%) Good upside play.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.340
Owned
Yes
TOP PICK
TOP PICK
February 9, 2010
IT company, mostly based in Quebec, deals with public and government. No Debt. Not quite half of trading price in cash. Wouldn’t surprise him if there was a take over. They make money.
Hartco Inc (HCI-T)
February 9, 2010
IT company, mostly based in Quebec, deals with public and government. No Debt. Not quite half of trading price in cash. Wouldn’t surprise him if there was a take over. They make money.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.000
Owned
Yes
TOP PICK
TOP PICK
June 12, 2009
Were paying $0.05 a month distribution, became a corporation and eliminated distributions. Price went from $3.50 to $1 and change. Now sitting at about $2. Chairman owns about 60% and has recently been buying. Expecting tremendous upside. Because they are not paying distributions they could end up earning $.40-$.50 a share in the next few years. Wouldn't surprise him if it went private before then.
Hartco Inc (HCI-T)
June 12, 2009
Were paying $0.05 a month distribution, became a corporation and eliminated distributions. Price went from $3.50 to $1 and change. Now sitting at about $2. Chairman owns about 60% and has recently been buying. Expecting tremendous upside. Because they are not paying distributions they could end up earning $.40-$.50 a share in the next few years. Wouldn't surprise him if it went private before then.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.400
Owned
Yes
BUY
BUY
March 12, 2009
Talking about changing to a corporate structure but dividend future is not clear. Sales have been negatively impacted. Fairly strong company. Clarity on the dividend would help.
Hartco Inc (HCI-T)
March 12, 2009
Talking about changing to a corporate structure but dividend future is not clear. Sales have been negatively impacted. Fairly strong company. Clarity on the dividend would help.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.600
Owned
Yes
BUY
BUY
September 15, 2008
(Market Call Minute.) Has had a fantastic distribution. Good entry.
Hartco Inc (HCI-T)
September 15, 2008
(Market Call Minute.) Has had a fantastic distribution. Good entry.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$4.100
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 18, 2007
Then 3.21, still holds it. Still likes the company. He recommended it because it was badly hit because of their distribution. They've sold off part of the company which was a cash drain. Thinks it will continue to go.
Hartco Inc (HCI-T)
October 18, 2007
Then 3.21, still holds it. Still likes the company. He recommended it because it was badly hit because of their distribution. They've sold off part of the company which was a cash drain. Thinks it will continue to go.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$4.490
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 18, 2007
(A Top Pick Oct 6/06. Up 4.7%.) With its 6% distribution, that works out to about 20% a year. Company has been undergoing quite a bit of change. They have a Compusmart division (retail stores) which is not been doing well. They are going to sell some, consolidate some and close some stores.
Hartco Inc (HCI-T)
May 18, 2007
(A Top Pick Oct 6/06. Up 4.7%.) With its 6% distribution, that works out to about 20% a year. Company has been undergoing quite a bit of change. They have a Compusmart division (retail stores) which is not been doing well. They are going to sell some, consolidate some and close some stores.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.360
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 19, 2007
(A Top Pick Oct 6/06. Up 7%.) Have a series of retail stores that are on the market right now. This has been a real drag on earnings. Good yield.
Hartco Inc (HCI-T)
April 19, 2007
(A Top Pick Oct 6/06. Up 7%.) Have a series of retail stores that are on the market right now. This has been a real drag on earnings. Good yield.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.450
Owned
Yes
TOP PICK
TOP PICK
October 6, 2006
CompuSmart computer stores. Somewhat illiquid. Doesn't trade a lot. 18.5% distribution. There is a big question if they can maintain that rate. If they cut it, there is a good chance the stock price will go down. Longer term, it should do fine.
Hartco Inc (HCI-T)
October 6, 2006
CompuSmart computer stores. Somewhat illiquid. Doesn't trade a lot. 18.5% distribution. There is a big question if they can maintain that rate. If they cut it, there is a good chance the stock price will go down. Longer term, it should do fine.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.210
Owned
Yes
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