If one stock under $10 most epitomizes the Wall Street axiom, “Bad news is good news”, it would be hard to argue that Heritage Global (HGBL) is not that stock.
Heritage Global is in the business of making money when things are not going well for industrial businesses, or financial assets. If you’ve been reading about the coming commercial real estate bust, which you’ve had to because it’s constantly in the news, then you’ve identified an area where Heritage Global will be a winner.
