Beaten down in sales, but they have managed to preserve their balance sheet (fairly cash heavy, $4 per share or 25% of share price). I still see Hurco growing faster than their peers going forward, especially once this becomes an earnings machine… More
Hurco is a cyclical company at a cyclical top. You know when the best time to buy cyclical companies is? When the P/E ratio is 100, not 8. In the two previous economic slowdowns (1990-1991, 2001-2002), Hurco's margins were crushed and its stock price… More