Tim Meador

Hurco: A Buy at the Current Price

Given the information I had available at the time, I think there was a good case to be made for buying Hurco at $31. I didn't expect, and I imagine many people didn't expect, for things to go south so quickly and completely as they did. At $14, Hurco was down 55% from the time I recommended it. That is worse than the market average, but given the cyclical industry it's in, it is not unreasonable. My fault for not recognizing the bottom was a long way off. I must say that I really like it at $14 a share for a long term investor, as there is plenty of upside when manufacturing restarts.

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I've enjoyed your well reasoned insight on seeking alpha for sometime. Keep up the good work.

Hurco: A Buy at the Current Price

Chandler, your idea on input costs would seem to favor Hurco over its competitors, but like you I don't know to what extent this would help the company. I imagine it would give them an edge and allow them to take some market share in the down part of the cycle, which is never bad. Regardless, if one is to own an owner of manfacturing tools, I can't think of a better one at the current price.