For those interested in turnaround stories. Hills Holdings (HIL) an industrial mini-conglomerate and the maker of the iconic Hills Hoist (amongst many other products) has had a terrible few years with its earnings falling and its share price languishing near multi-decade lows (currently around 90 cents per share). It has recently embarked on a turnaround/restructuring strategy which if successful could in 2 years time increase earnings per share (based on my calculations) from the current depressed 10.5 cents to between 15 and 20 cents per share. Does anyone here think the company is worth researching further and is the company likely to pull off the turnaround is it doomed to many more years of under-performance and profit downgrades? I would like to hear if anyone has informed opinions about this company.
Could never envisage myself putting money into them as i didn't agree with them outsourcing all their manufacturing to China.Same with pacific brands and many others.
