Cognex Corporation - World Leader in Machine Vision Systems
"Cognex Corporation is the world's leading supplier of machine vision systems -- or computers that can "see" -- which are used to automate a wide range of manufacturing processes where vision is required. In 2001, we posted $141 million in revenue and achieved our 15th consecutive year of profitability. Since its founding in 1981, Cognex has:
Generated over $1 billion in cumulative revenue;
Shipped more than 175,000 vision systems;
Acquired more than 133 patents, with over 140 U.S. and international patents pending.
Because of our excellent performance, Cognex has been recognized repeatedly by a number of top publications, including BusinessWeek, Fortune, and Forbes. We are publicly traded over the NASDAQ under the symbol CGNX."
For more information:
I've owned Cognex's stock since May of 1996 when I purchased it for $18-5/8. Here it is many years later and the price per share has rarely moved out of its usual range. Even while the stock has been just cyclical, the company has continued to grow on a fundamental basis to be much stronger than when I first bought into it.
It's deep cyclical trade pattern has allowed me to make very nice profits from trading it over my years of ownership. Here's the first three years:
Here's the second three year period:
Here's how the last three years have looked:
(AIM Settings = 20% Buy SAFE, 0.0% Sell SAFE, Min. Order 5% of Portfolio Control)
I use the A.I.M. investment model to determine the buy and sell amounts and prices. For more information on AIM see our IHub thread
or the AIM Web site: