BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

HWKN: Moving to Sidelines on Rise of Headwinds

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul>
<li>HWKN reported fiscal first quarter (June) results where higher prices had offset the decline in unit volume.</li>
<li>Without having to take LIFO reserves, HWKN was able to materially beat our expectations. We do not believe this is likely to occur again in the September quarter</li>
<li>There is no evidence of unit volumes rising in the short-term. However, input costs might have stabilized in the June quarter</li>
</ul>


HWKN reported fiscal first quarter (June) results where higher prices had offset the decline in unit volume.
Without having to take LIFO reserves, HWKN was able to materially beat our expectations. We do not believe this is likely to occur again in the September quarter
There is no evidence of unit volumes rising in the short-term. However, input costs might have stabilized in the June quarter


Hawkins Inc

HWKN: Returning to Buy Rating