Hawkins, Inc. (HWKN): A Bear Case Theory

We came across a bearish thesis on Hawkins, Inc. (HWKN) on Deep Fundamental Research’s Substack by Patrick Zhou. In this article, we will summarize the bears’ thesis on HWKN. Hawkins, Inc. (HWKN)'s share was trading at $130.03 as of Nov 22^nd. HWKN’s trailing and forward P/E were 33.26 and 34.72 respectively according to Yahoo Finance.

[caption id="attachment_1200352" align="aligncenter" width="768"] A technician in a deep-water treatment facility, ensuring clean water for public safety.[/caption]

Hawkins, a U.S.-based chemical distributor, operates across three key segments:...