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 third quarter (January 1) results where sales benefited from price increases while the firm dealt with supply bottleneck for sourcing fertilizer.</li>
<li>HWKN has been relying on price increases to drive sales higher and generate gross profit dollars. Volumes have not increased as much as sales prices have.</li>
<li>The water treatment business is seasonally soft in FYQ3. However, the segment reported sales greater than we were expecting. We believe this is mostly to HWKN renewing its annual contracts.</li>
</ul>


HWKN reported fiscal third quarter (January 1) results where sales benefited from price increases while the firm dealt with supply bottleneck for sourcing fertilizer.
HWKN has been relying on price increases to drive sales higher and generate gross profit dollars. Volumes have not increased as much as sales prices have.
The water treatment business is seasonally soft in FYQ3. However, the segment reported sales greater than we were expecting. We believe this is mostly to HWKN renewing its annual contracts.


Hawkins Inc

HWKN: Viewing from the Sidelines