Steve Simpson has been following HURC and owns it. He's a very sharp, value investor. Not saying he is just a buy a dollar cigar for 50 cent type, but he is a cfa and has a keen eye for business and balance sheets and cash flow statements.
First, the concept of buying a dollar for fifty cents.....in other words, taking advantage of negative investor sentiment or overall market conditions which have temporarily driven down the price of a good, solid company.
Second, the used cigar butt concept of investing....buying highly distressed, struggling companies because the stock price has become so cheap that the odds of a gain look pretty favorable. This sometimes even presumes that liquidation value would surpass the current price.