Thursday, June 14, 2018

Are Somewhat Sluggish Order Comps A Risk For Hurco?

These are good days for machine tool companies, as orders have recovered nicely both in North America and in Europe driven by expanding production and the placement of aging equipment. Hurco (HURC) benefiting from this growth as well, but I'm a little concerned that the company's growth seems to be lagging industry growth in key markets like the U.S. and Germany. It's not a reason to sell yet, and the company's margins are developing pretty well, but it merits watching as I don't believe the shares are dramatically undervalued today.

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Are Somewhat Sluggish Order Comps A Risk For Hurco?

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