Hardinge, Inc. (NASDAQ:HDNG)

piotroski screen

Already good debt numbers should be improved by the SPO it filed for recently.

Some insider selling recently,but only small percentages of the holdings. Which,according to many sources I've seen, are minimal causes for worry.

My Graham Number Valuation Range: $16.75 to $18.25

DEC

HDNG has been a volatile stock in the past and will probably continue to be in the future. The company is in a very cyclical industry but management seems to know these cycles well. The reason I'm attracted to it is it's trading at half of book value and I feel its trading well below liquidation value and takeover levels. Early last year they received a $10/sh takeover offer, so I feel that indicates the value here. Even though their business has begun to turnaround, resulting in increased revenue and profitability the past few quarters, the stock price continues to falter. I don't believe the market is correctly pricing this company's outlook and the stock price will significantly improve as the business continues to generate profits.

Very cheap stock based on Fundamentals. Stock is profitable, trades at an EV/rev of 0.35, trading at 0.5X net tangible assets, and growing revenue 3%.

Don't be fooled by the P/E

I'm experimenting with a particular stock screen. Super low PE, PEG and P/B with a great growth rate makes this an attractive stock.

Severely underpriced.

bought in real life...should rebound

This stock was picked by TMFDynamo for the 2008 Stockpicking Contest.

Good fundamentals, nice market segment. Unless the management screws up again with Wall Street, the company should do well. There might be a 1-year dip in performance, but watch end of 2009 (again given that management will hit their pre-communicated targets).

With many natural disaters happening recently. This companies speciality will be in high demand for rebuilding.

Testing out a portfolio of smallish-cap 5-star stocks found using the CAPS screener. All picks have at least 50 allstars backing them, which should be enough to minimize star rating fluctuations. It's only been about a week, and I expect a LOT of volatility, but I have high hopes for market beating performance. Time will tell...

Times have been tough for Hardinge. May fall further, but sometime when world economies finally equilibrate, this company should do extremely well.

Hardinge was trading close to it's net current asset value just a few weeks ago. Now it's still a pick with a large margin of safety.

Generally I don't like running with the bulls, but in this case my goal for HDNG is 22 to 23. Increasing EPS and a significant reduction in debt during the last three years helps.

It's been beaten down with the rest of the market.

Hardinge's products are used in the aerospace, energy, transportation, medical-equipment, automotive, and electronics industries. Their 64% drop looks bad, but only when compared to record breaking sales in 2006. They are still increasing overall sales year-by-year.

Very solid company that has been around for a long time.