Stock market: : Hedge Funds Are Snapping Up H&E Equipment Services, Inc. (HEES)
Category: News & Politics
Via: krishna • 5 years ago • 7 commentsBy: DEBASIS SAHA in Hedge Funds,News
Why do I like it?
Obviously Trump wants to get re-elected, and one his main talking points is the economy. Many people are saying that the economy is in bad shape mainly due to his totally incompetent handling of the Virus. So what can he try to do to improve the economy (something he hasn't already tried)?
For a while now I've thought that infrastructure was the obvious move. (Of course that mere speculation on my part). So if that's correct, what to buy? Often mentioned are CAT, NUE, VMC, URI, and a few others.
I've always liked HEES and own a fair amount. Among things I now like about HEES is the nice dividend (currently about 6%); the fact that its still relatively unknown compared to some of the larger companies, its currently its way off its highs, and from what I've read its a verywell-managed company.
So today I bought some more...(paid $18.77 which is a bit high IMHO)
Full Disclosure: I own shares of HEES. In fact, its one of my largest holdings.
Disclaimer: Owning shares of any stock might result in the loss of some or all of your invested capital. Caveat Emptor!!!
S E E D E D C O N T E N T
What does smart money think about H&E Equipment Services, Inc. (NASDAQ:HEES)?
At the end of the first quarter, a total of 16 of the hedge funds tracked by Insider Monkey were long this stock, a change of 7% from the fourth quarter of 2019. The graph below displays the number of hedge funds with bullish position in HEES over the last 18 quarters. With hedge funds' capital changing hands, there exists an "upper tier" of notable hedge fund managers who were upping their stakes significantly (or already accumulated large positions).
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If you are not an experienced investor I do not recommend you buy this stock as it may be considered highly speculative!
I have someone who manages my portfolio. If he thinks this is a good thing, I defer to his judgement.
So today I bought some more...(paid $18.77 which is a bit high IMHO).
This purchase may or may not be a mistake...only time will tell!
I've been slowly accumulating this one for a while-- in recent months paid anywhere from about $14/share to about $19/share.