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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