HGBL is a specialized asset services company that deals with buying, selling, valuing, and monetizing financial and industrial assets. They work with things like industrial equipment, manufacturing facilities, surplus inventory, accounts receivable, intellectual property, and even entire businesses.
What I find interesting is that HGBL can operate both as a **broker/market facilitator** and as a **principal**, meaning it can acquire assets itself and later monetize them.
The business model seems interesting, but the financial results can also be somewhat lumpy because it depends on asset transactions.
**What do you guys think about HGBL at the current valuation?**
Is the company undervalued?
What do you think about its growth potential?
Are the recent insider purchases a positive signal?
What are the biggest risks I’m missing?
Would love to hear both bullish and bearish perspectives.