This archive displays all articles that analyze individual companies. This page does not include articles related to Berkshire Hathaway which has its own archive. In addition to browsing the list of articles, you may also search for a specific company using the search box below.
In a recent lecture on value investing, Columbia Business School Professor Bruce Greenwald perfectly captured the essence of what value investors are looking for in the following quote: "You are looking for things that are ugly, cheap, boring, out of fashion, small and obscure, or otherwise on the other side of the existing finance industry mania. If it's on the recommended list of one of the big retail brokerages, my advice to you is to ...Read More
Hurco Companies, Inc. released a 10-Q report today which covers the company's fiscal second quarter ending on April 30, 2009. I covered the initial release of Hurco's earnings for the quarter in an article last week. In that article, I mentioned some concerns about an unexplained drop in Hurco's warranty provision in Q1 and the need to closely examine the warranty provisions once the 10-Q for the second quarter is released. Now that we have ...Read More
In my coverage last week regarding Hurco's initial news release for fiscal second quarter results, I expressed some concern regarding the company's provision for warranty reserves documented in the 10-Q report for the first quarter and indicated that I had not received a response to my inquiries on the subject. Today, I received the following email from Hurco's Chief Financial Officer explaining the company's limitations in corresponding with investors based on Regulation FD. I would ...Read More
Hurco Companies provided a press release this afternoon with results for the second fiscal quarter of 2009 which ended on April 30. The 10Q report has yet to be posted to the SEC website. While the results reflect significant weakness in Hurco's business, this is hardly a major surprise given the continued turmoil in the global economy. This was to be expected under the circumstances and a superficial look at the press release shows that ...Read More
Hurco Companies, Inc (HURC) is a global industrial automation company that designs and produces interactive computer controls, software and computerized machine systems for the worldwide metal cutting and metal forming industries. The company is based in the United Sates but has extensive overseas manufacturing operations and customers. In Fiscal 2008, over 75% of revenues were from customers located abroad, with the bulk of the foreign customers in Europe. The company’s fiscal 2009 year began on ...Read More
Wal-Mart Stores is one of the most successful growth stories in American history and can boast of an unparalleled track record of growth in nearly any measure one can think of. Whether your preferred metric is the number of square footage of retail space, sales, earnings, or dividend growth, a quick look at Wal-Mart quickly reveals an impressive trajectory that few others in retail can hope to match. However, as one looks at the statistics ...Read More