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Varchild2008 (83.93)

Why HURCO Company is doing really well....

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February 19, 2009 – Comments (4) | RELATED TICKERS: HURC

(HURC) is one of my investments and I never understood why this stock has taken off quite a bit from its bottom.

I think..not positive.... That this is indeed a GOLD, Precious Metals, company!

They make machinery equipment and computer control systems software for the metal working industry.  I.E. that should mean the precious metals market as well.

So... You got yourself a company that doesn't have any of the headaches with digging for GOLD and getting it to market that is sitting with a ridiculously small P/E ratio... You got a stock that should be making huge profits because metal, mining, companys need their machines to push out their GOLD to market....And as GOLD prices soar... Mining Company's urgency and financial situation improves....

HURCO Companys could very well be a STOCK I should add quickly and heavily to.
But, I need to do more research...As I could be wrong here...

4 Comments – Post Your Own

#1) On February 19, 2009 at 9:45 PM, Seano67 (31.29) wrote:

I'm not trying to be rude or anything, but if you're investing your hard-earned money into a company, then it would really behoove you to at least have some kind of an idea what it is that company does.

It doesn't look to me like Hurco has anything to do with gold mining- they make machine tools to cut metal and they design the software with which to run those tools: 

http://www.hurco.com/USA/Investors/AboutHurco/Pages/AboutHurco.aspx

I'm not sure that sounds like a winner in this kind of environment, but what do I know? But at any rate, I would really hope you'd investigate and research things much further before commiting any more money to this stock or any other. 

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#2) On February 19, 2009 at 11:29 PM, Jhana9 (21.97) wrote:

I didn't think they did mining stuff, but I haven't looked at them closely. Before the crash they caught my attention. The stock has gone nowhere for a while. They are linked to manufacturing heavily, so there is reason to be dubious about the stock right now.

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#3) On February 20, 2009 at 1:29 PM, SpinningmarkVIII (< 20) wrote:

You obviously have absolutely no idea what Hurco does. Hurco makes machine tools for the manufacturing industry, their niche is their conversational type controller and small machines with a decent size work envelope. They are great for shops who only need to make one or ten parts and dont have a cam system and dont want to pay a programmer at $20+ an hour for several hours of programming. Companies like Lockheed Martin use Hurco machine tools and they are used exclusively by machinists. Most likely, absolutely zero mining companies use Hurco machines.

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#4) On February 20, 2009 at 8:07 PM, Varchild2008 (83.93) wrote:

In this economy, you don't bail out on a stock you got a profit going on it.  I got into this stock exactly, precisely, when it bottomed.  $12.15 a share.  Even with the market in free fall, HURCO remains solid.

I suspect investors realize that HURCO's 14 brand new machines are selling pretty good.

My apologies for getting my hopes up that mining companies would need HURCO machines....Nonetheless, my investment in HURCO will most likely increase based on my optimism with the company.

It's not that I don't understand HURCO it is just that the stock price behavior was un-natural in that it traded up TWICE on days the market collapsed.

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