MY long term view on HURC is "STAY LONG". Look,the float is 6.32 mil shares The institutions control about 75%. there is a short position of about 195,000 shares. My opinion is you have to consider the guy making a market in this stock. Remember, he runs the ball game."IF" any one wants to sell HURC,sell it."DO NOT" put in a stop loss. He will eat you up. My opinion HURC will have good earnings and good re for the qtr ending OCT. Earning due out in JAN 15.Be patient,this is a long term deal on HURC
Sentiment: Strong Buy
May not mean much. The share price has been pretty volatile over the last 5 months, since the 3D printing PR really. It's also made a pretty good move up from around 27 to 39, so you could expect some consolidation. Another thing is the news on the economy from Europe is still nothing to brag about. Nothing at this point to change my long term view on the company. FWIW.
Found this article.
First UK showing of 18,000 rpm 5-axis machine at Hurco Open House
Hurco's Open House, 9-11 December at its facility in High Wycombe, will offer first sight of a new, 18,000 rpm HSK63A version of the popular VMX42SRTi 5-axis machine.
The machine incorporates a B-axis in the machine head and a torque motor-driven C-axis for part rotation. Large and complex 5-axis components can be produced in a relatively compact footprint, says the company.
Also on show will be the TMM8i and TM12i turning centres, VM10i, VM20i, VMX42Ti and VMX60Ti vertical machining centres, and the 5-axis VMX30Ui.
Machine demonstrations will focus primarily on two new features: Adaptipath, which controls cutter engagement when machining pockets and includes a rest machining feature, allowing parts to be cut faster while extending tool life; and Ultimotion high speed machining software, which allows a machine to run faster and more smoothly, with up to 50% time savings reported for some complex parts.
This year, the event's supplier village will further increase in size. Renishaw, Roemheld, Kitagawa, SGS Carbide Tool, Gewefa, MacInnes Tooling, PCM Tooling, Delcam, Hydrafeed and Open Mind (hyperMILL) will all be represented.
In addition, Hurco welcomes grooving technology specialists Horn Tools, CADCAM specialists Edgecam, Anotronic - which will be displaying the new River 3 EDM drill - and Finance For Industry, which will be able to advise on RGF (Regional Growth Fund) grant applications.
Thomas, based on the trading support of HURC over the past few weeks I believe their are others in the Market sharing your view. Someone or Group appears to be patiently picking up some shares and supporting the Bid. Every time the general Market dips and shares of HURC begin being sold strength comes in and starts buying up any liquidity. Really like this little Company and finally after 3-4 years being discovered by the Market.
Thanks for the post Steve. We do "channel checks on HURC in Germany, UK and Singapore ... hopefully we'll need to do one quarterly in Mexico (due to achieved scale)!! One preliminary point of note -- the Northern Asia and US high-end machine tool channels are very strong and have been since late Summer.... and oddly enough, despite the negative print on economic activity coming out of the Eurozone ... the Northern Europe/Germany machine tool velocity has not experienced any notable "down-draft" ..... thus, we're expecting a very strong order/backlog, rev. and EPS release on YE Oct. report. Thanks again.
Dated November 4, 2014
Hurco Adds Second Distributor in Mexico
INDIANAPOLIS—Hurco announced that Maquinaria Macias Ceballos SA de CV (www.maquinariamacias.com) has been selected as the exclusive distributor for Hurco CNC machine sales and service in central and northern Mexico.
According to Joe Braun, General Manager of Hurco North America, “We know Mexico is an important market for us, and adding Maquinaria Macias Ceballos to service customers in central and northern Mexico will help us grow. Our long-time distributor Maquinaria Industrial MISA SA de CV has built a solid customer base in Mexico City and the south but we now need to develop the rest of the country. Both Macias and MISA will help us to communicate to more manufacturers the value Hurco technology provides, especially those that focus on high mix/small batch manufacturing where minimizing setup time and maximizing chip time is critical in order to increase profit margins. I know the team at Macias will be effective in explaining the power of Hurco CNC technology. Additionally, they have the resources to support customers after the sale with a well-trained service department.”
Gerardo Macias, Business Development Director of Maquinaria Macias Ceballos, said, “My father started Maquinaria Macias Ceballos in 1979. We are a family business and view our customers as an extension of our family. We are pleased to partner with Hurco because they are dedicated to making CNC machining easy to use and easy to learn by providing the most user-friendly control in the industry. I’m particularly impressed with the versatility of the Hurco control, with both conversational and NC programming, and the amount of resources Hurco devotes to the development of control features that make shops more efficient and more profitable.”
Well, that was quite a ride. I wonder if it's over? Based on the volumes, looks like we're back where we started, well under the radar.
Six more trading days for HURCO. Quarter ends October. This is where the guessing game starts on HURCO
regarding earnings and revenues.My opinion HURCO will earn way above the 54cents estimated by Yahoo
and will way exceed all prior revenues estimates. "ONLY MY OPINION".EARNINGS due out in JAN of next year.
Sentiment: Strong Buy
Ha. It just popped up when I did a Google web search for Hurco. I wasn't able to find it when I looked at the Hurco regular website, so maybe they just provide the link to their regular customers.
I suppose they do this every year, but I just happened to see the promotion and sales prices for the end of the year.
Do a google search for:
4th and Goal at Hurco
It's 4th and Goal at Hurco
Our 4th Quarter Ends 10/31/14
Corporate Needs to Eliminate Inventory
At Hurco, October 31st is our proverbial goal line: the end of our fiscal 4th quarter. Our president has to eliminate inventory and has authorized us to close deals no matter what. To get the ball rolling, complete the form on this page and a representative will contact you to create a quote.
Only available to companies located in the U.S.A.
Not available with any other discounts or offers. Only available while supplies last.
it's probably tied to the instability in the region around Ukraine and not really a structural problem. it will hurt the stock short term, but if this ever gets resolved it's still a positive environment for the company...
Based on today's price action, I think even going back to $34 is unrealistic. I guess that's both good and bad. Looks like 36.5 is the floor for now.