December 11, 2008

Hurco: Down But Not Out

The Fool notes that Hurco, one of their Hidden Gems picks reported today that net income for the fourth quarter declined 40% as orders fell. As a result, the stock is down 16% as I write.

The Fool points out that the company doesn't appear to be going away any time soon as they have $33 million in cash and no debt. The reason that emerging economies like India and China will need Hurco's technology when they recover.

No comments: