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An industrial technology company; designs and produces interactive, personal computer based, computer control systems and software and computerized machine tools for sale to the metal working industry.
WASHINGTON, July 12 (Reuters) - Industrial technology company Hurco Cos. Inc. (HURC.O: Quote, Profile, Research) filed with regulators on Thursday to periodically sell up to $200 million in common and preferred stock, warrants, depositary shares, and debt securities.Hurco will use the proceeds from the offering for general corporate purposes, including capital commitments and acquisitions, according to a registration statement with the U.S. Securities and Exchange Commission.Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale. Need I say more?
What's your point? Sorry, I just don't see how raising money in the capital markets is a bad thing for a company that has 1) over $5/share in cash, 2) is cash flow positive, 3) has no long-term debt...if they were to use the cash to make an acquisition which were accretive to this year's earnings would you still consider it a bad thing?
Well, yes, please.
Yes, please say more. It's been almost a year and we've been waiting.
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