Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Hurco May Be Seeing The Turn

Machine tool manufacturer Hurco (NASDAQ:HURC) has now logged two consecutive quarters with revenues above my expectations, and order flows appear to be improving. Combine that with improving orders reported by German and American machine tool associations and ongoing optimism regarding Europe and North America from Japan's machine tool association, as well as nascent signs of an industrial recovery Hurco's key European market, and maybe a little optimism is not out of place.

Investors considering Hurco as a way to play improving manufacturing conditions in Europe and North America should keep a few things in mind. This is an very illiquid stock and it is effectively unfollowed on Wall Street. It is also important to remember that machine tools...

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