[GlobeNewswire] - INDIANAPOLIS -- Hurco Companies, Inc., today reported a net loss of $1,573,000, or $ per diluted share, for its second quarter ended April 30, 2010, compared to a net loss of $281,000, or $ per diluted share, for the corresponding period in fiscal 2009.
[GlobeNewswire] - INDIANAPOLIS -- Hurco Companies, Inc., announced that Gerhard Kohlbacher has been elected to the Board of Directors and John P. Donlon has been named Executive Vice President of Worldwide Sales and Service, according to a Hurco spokesperson.
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.
Veem Engineering has invested in a Hurco VM1 high-speed machining centre with conversational programming in order to bring some of its tooling manufacture in house. South African firm, Veem ...
By CM Staff | July 19, 2010 Hurco Canada Ltd, Mississauga, ON, has selected Metric Machine Tool Service Ltd., Edmonton, AB, at a full service distributor for Alberta and Saskatchewan. The 28-year ...
According to GuruFocus Insider Data, the largest CFO buys during the past week were MFRI Inc., Uranerz Energy Corp., The Pep BoysManny Moe & Jack, DRI Corp., Incyte Corp., NCI Building Systems Inc ...
Vice President & CFO of Hurco Companies Inc. (HURC) John Oblazney buys 1,000 shares of HURC on 07/01/2010 at an average price of $14.5 a share. Hurco Companies Inc. has a market cap of $97.8 ...
On the first day of MACH, subcontractor CLB Precision Engineers ordered a VM30 vertical machining centre, the first of 11 machines Hurco sold during the MACH show. Halifax-based CLB Precision ...
By Chip Brian SmarTrend has detected shares of Hurco Cos (NASDAQ:HURC) have bearishly opened below the pivot of $14.99 today and have reached the first level of support of $14.68. Should the ...
INDIANAPOLIS, Jun 4, 2010 (GlobeNewswire via COMTEX) -- Hurco Companies, Inc., (NASDAQ:HURC) today reported a net loss of $1,573,000, or $(0.24) per diluted share, for its second quarter ended ...
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 Chip Brian SmarTrend has detected shares of Hurco Cos (NASDAQ:HURC) have bearishly opened below the pivot of $15.20 today and have reached the first level of support of $14.57. Should the ...
By Chip Brian SmarTrend has detected shares of Hurco Cos (NASDAQ:HURC) have bearishly opened below the pivot of $17.33 today and have reached the first level of support of $16.77. Should the ...
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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...
