I am bullish on Hyster-Yale (ticker $HY). they are an industrial company selling lift trucks and other equipment used at warehouses etc. not an expert in this area but i assume that shipping is only going to grow as the world becomes even more globally connected.
i believe HY has an attractive industrial business but the undervalued piece is one of their subsidiaries Nuvera. it was acquired by them from Hess back in 2014 and is focused on fuel cells hydrogen tech. although Nuvera is currently a drag on profitability, it is undervalued and represents a potential transformative valuation event for the company.
they have been investing in one of their acquired companies Nuvera that is focused on the commercialization of hydrogen fuel cell stack and fully integrated fuel cell engine technology. i know hydrogen infrastructure is still in its infancy but there is an increase in commercialization of hydrogen fuel cell stacks and fully integrated fuel cell engine technology.
financial ratios are average imo. D/E is 1.15 but they have solid cash flows from operations. ROIC of around 20%+ throughout last year. PEG of 0.53.
happy to discuss the DD further or hear other opinions on this company
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