If fiscal third quarter results are a fair indication, it looks like my concerns about a slowdown in business at Hurco (HURC)
ahead of a major fall tradeshow were misplaced. Although Hurco did see
some sequential slowdown in orders, that’s not uncommon in the summer
and the business overall seems to be in good shape, while industrial
customers continue to look to add production capacity.
Experienced investors know that the good times for Hurco, DMG Mori (OTCPK:MRSKY), Milacron (MCRN)
and other industrial equipment manufacturers won’t last forever, but
this latest earnings cycle has offered more positive commentary compared
to earlier this year and many manufacturers are bumping into capacity
constraints. While global trade tensions are a threat, and I wouldn’t go
too far out on a limb to chase Hurco, I don’t think the cycle is over
just yet.
Click here for more:
Hurco Keeps Delivering, But The Cycle Appears To Be Slowing
No comments:
Post a Comment