Heritage Global's Stock Rises 10%, but 5-Year Earnings and Shareholder Returns Decline

Heritage Global's stock has increased 10% this week despite a 5-year trend of declining earnings and shareholder returns, resulting in a 53% loss. The recent uptick may be a positive sign, but the market's past overreaction and the company's unresolved challenges suggest caution. Historically, the market has been overconfident about the business, and the EPS has dropped by 8.2% annually over the past 5 years.