My 'om back stock is:
HURC, first brought to my attention here by "patentlawmeister".
They make computerized machine tools for the metal cutting industry--something called vertical machining centers. They also produce the software that goes with the things. The product looks kind of like a laptop computer on steroids.
For the 9 months ended 7/31/05, 34 percent of sales were in North America, 60 percent in Europe, principally Germany, and 6 percent in Asia Pacific. BUT WAIT! They have created a technology center in a city in China that you never heard of, even though it has a population of 12 million. They claim that they have taken orders there already. This is what I find so exciting about this company. The news about the tech center is recent.
Their products automate shop floor processes. Cut that metal, son. 85 percent of sales are from the computerized machine tools and 15 percent from service fees, parts, etc., that is to say, servicing the equipment.
The company's computerized metal cutting machine tools are manufactured in Taiwan by contractors. One is a wholly-owned subsidiary. I see risk in this if Taiwan unifies with mainland China. In fact, I see the technology being stolen eventually. But for now, it's party time, imo.
As of 7/31/05, there were 6.2M shares O/S. Insiders own approx. 18 percent of the stock and institutions own about 33 percent. That leaves about 3 million shares for VMer's to divide among themselves--lol!
There is LT Debt, but they eliminated nearly half of it during the 2003-2004 period.
My source of some of the above info is a "Motley Fool" article put out on October 11, "Be the millionaire next door". Motley Fool likes this company, folks. That is good. Read the article.
The 10Q is due out in a few weeks. The company put out a PR bragging about taking orders at a trade show in Hanover, Germany, in early October, I believe. Add to that their statement that they have taken orders in China, and I'm thinking we might see some good numbers next month, but who knows. Maybe not. Anything is possible.
Again, what has made me want to cultivate this stock as a new best friend is the China thing. What a place of sell state-of-the-art metal cutting tools.
Disclosure and disclaimer:
I own 1K shares, enough for me, thank you. My sources for
the above info, some or all of which might prove to be inaccurate, are the last annual report, the above-referenced
Motley Fool article, Yahoo, and the company website, which basically stinks for investors. But that is all right. The website is set up for customers, not investors. Fine with me.
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