Early Retiree
Research analyst, value, small-cap, retirement and income

Hornbach Has Short-Term Rally Potential - 30% Upside

(Editor's Note: Shares of HBAPF trade with very little liquidity, and investors should be mindful of the risks of trading this security. Hornbach's European listings under HBM offer an alternative with potentially better liquidity.)

After my first article on the Hornbach Group (OTC:HBAPF) a little more than seven months ago, both the Baumarkt and the Holding stock have rallied more than 25%, comfortably beating all relevant benchmark indices by double digits. Interestingly, there have been a few very positive developments related specifically to the Baumarkt stock that don't seem to have been priced into the stock yet:

The sale of the stake previously held by British DIY giant Kingfisher (OTCPK:KGFHF) (OTCQX:KGFHY) has significantly increased...

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