INDIANAPOLIS -- Hurco Companies, Inc., today reported for its first quarter ended January 31, 2010, a net loss of $1,836,000, or $ per diluted share, as compared to net income of $354,000, or $0.05 per diluted share, for the first quarter of fiscal 2009.
INDIANAPOLIS, March 11, 2010 (GLOBE NEWSWIRE) -- Hurco Companies, Inc., (Nasdaq:HURC) today reported for its first quarter ended January 31, 2010, a net loss of $1,836,000, or $(0.29) per diluted share, as compared to net income of $354,000, or $0.05 per diluted share, for the first quarter of fiscal 2009. 2010 03 11 08:00
Hardinge (HDNG) and Hurco (HURC) both design and manufacture computerized machine tools. During downturns, one of the most common decisions undertaken by companies looking to preserve capital is cutting capital expenditures. As such, both of these companies operate in very cyclical industries and therefore do not carry much debt. While these companies have some important differences between them, their approximate returns on invested capital are compared below to illustrate a point:
Top activist investors typically look for companies that can unlock significant shareholder value through a specific corporate event, such as a sale, liquidation or recapitalization.
Activists scour the investment landscape for companies that are not controlled, i.e., firms in which senior executives and directors have a relatively small percentage of the overall shareholder vote. This allows aggressive outside investors to pressure corporate incumbents to take the actions required to bring about positive change. If insiders refuse to maximize shareholder value, skilled activists may be able to remove them through a proxy contest or an outright acquisition...
Hurco Companies, Inc. released a 10-Q report Friday which covers the company’s fiscal second quarter ending on April 30, 2009. I covered the initial release of Hurco’s earnings for the quarter in an article last week. In that article, I mentioned some concerns about an unexplained drop in Hurco’s warranty provision in Q1 and the need to closely examine the warranty provisions once the 10-Q for the second quarter is released. Now that we have the 10-Q, let’s take a look at the warranty...
In my coverage last week regarding Hurco’s (HURC) initial news release for fiscal second quarter results, I expressed some concern regarding the company’s provision for warranty reserves documented in the 10-Q report for the first quarter and indicated that I had not received a response to my inquiries on the subject.
Yesterday, I received the following email from Hurco’s Chief Financial Officer explaining the company’s limitations in corresponding with investors based on Regulation FD. I would like to thank Mr. Oblazney for his response and I am hopeful...
Hurco Companies (HURC) provided a press release this afternoon with results for the second fiscal quarter of 2009 which ended on April 30. The 10Q report has yet to be posted to the SEC website. While the results reflect significant weakness in Hurco’s business, this is hardly a major surprise given the continued turmoil in the global economy. This was to be expected under the circumstances and a superficial look at the press release shows that Hurco only sustained a minor loss of four cents...
Hurco Companies, Inc (HURC) is a global industrial automation company that designs and produces interactive computer controls, software and computerized machine systems for the worldwide metal cutting and metal forming industries. The company is based in the United Sates but has extensive overseas manufacturing operations and customers. In Fiscal 2008, over 75% of revenues were from customers located abroad, with the bulk of the foreign customers in Europe. The company’s fiscal 2009 year began on October 1, 2008 and filed a...
I decided to screen for some of the lower volume traded stocks that may be flying under the radar of the average investor. I looked for companies with solid balance sheets, cheap valuation, sustainable growth, and positive profitability ratios.
My screen returned eight names, but I will filter out the three that traded more than an average daily volume of 500,000 shares, those being Volcom (VLCM), National Instruments (NATI), and Ceradyne (CRDN). Interestingly enough,...
Every so often, MagicDiligence compiles a list of Magic Formula stocks sorted by their dividend yield, price-to-sales ratio, and price-to-book ratio for investors that like to use those metrics. The result is a list of attractive value stocks for additional research. Here are the top 10 in each of the three metrics listed above:
The next value metric we will add to the current Magic Formula list is the price-to-book ratio. Previously, we've covered Magic Formula stocks with the:
Price-to-book is one of the oldest and most intuitive value investing statistics. The "bible" of value investing, Benjamin Graham's The Intelligent Investor, uses the price-to-book ratio as the main criteria for finding undervalued stocks. Book value is the same thing as net worth: all of a company's assets, minus its liabilities. The net worth is (ideally) what the company's...
Singular Research is initiating coverage on Hurco (HURC), citing that unmatched computer control systems will lead to market share gains, and that the stock is a value play with strong earnings power beyond 2009. Key excerpts follow.
Hurco Cos., an Indianapolis-based machine tool specialist, continues to suffer from the global economic recession. Hurco today reported a net loss of $1.83 million, or minus-29 cents per share, in ...
INDIANAPOLIS, March 11, 2010 (GLOBE NEWSWIRE) -- Hurco Companies, Inc., (Nasdaq:HURC) today reported for its first quarter ended January 31, 2010, a net loss of $1,836,000, or $(0.29) per diluted ...
AB Graphic International has installed a Hurco DCX22 bridge-type machining centre to enable the company to carry out work that was previously subcontracted. AB has predicted that the 2,200mm x 1 ...
For full details on Hurco Companies Inc (HURC) HURC. Hurco Companies Inc (HURC) has Short Term PowerRatings at TradingMarkets. Details on Hurco Companies Inc (HURC) Short Term PowerRatings is ...
By CM Staff | January 15, 2010 Spark & Co., Blainville, QC, has been appointed the Quebec agent for Hurco Canada Ltd., Mississauga, ON. Hurco says that the owners of Spark & Company, Guy Belanger ...
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"The orders sealed a reasonable trading year, during which we sold nearly 200 machines, which was a much better result than we were expecting earlier in the year," commented Dave Waghorn, managing ...
(RTTNews) - Tuesday, Hurco Companies Inc. (HURC: News ) said its fourth-quarter net loss was $1.16 million or $0.18 per share compared with a profit of $3.42 million or $0.53 per share in the ...
INDIANAPOLIS, Dec. 15, 2009 (GLOBE NEWSWIRE) -- Hurco Companies, Inc., (Nasdaq:HURC) today reported for its fiscal year ending October 31, 2009, a net loss of $2,321,000, or $(0.36) per diluted ...
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Hurco Companies, Inc. released a 
manufacturing operations and customers. In Fiscal 2008, over 75% of revenues were from customers located abroad, with the bulk of the foreign customers in Europe. The company’s fiscal 2009 year began on October 1, 2008 and filed a...
