Hitachi Construction Machinery Watchlist
Hitachi Construction Machinery Deal To Change "Parent" - There's Not Much There There
258 Views, 16 Jan 2022 23:11
- On Thursday we saw news of a Hitachi sale of half its stake in HCM. Friday the stock traded down hard. Friday night saw news that underwhelmed further.
- The deal is big, but it is basically a deal to get Hitachi out as parent. There is no Capital Alliance and there is no Strategic Alliance yet.
- There simply is not much there, there yet. And the stock is less liquid than it looks, and that won't get better any time soon.