HVN is painting a very similar picture to the previous 3 stocks considered this morning, it again feels cheap trading on an Est. A valuation of 8.1x earnings for 2022 shows how negative the market has become on retail generally, and HVN specifically while its almost 9% yield has probably caught some yield hungry investors leaving them nurturing some paper losses.
- We believe HVN will turn when the whole sector regains its mojo but not before.
MM likes HVN into fresh lows under $3.50
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