Hurco: Hard To Ignore At Half Of Book Value (NASDAQ:HURC)

Core Viewpoint - Hurco Companies (NASDAQ: HURC) is a CNC machine manufacturer trading at approximately half its tangible book value, with a market capitalization just above $100 million, indicating potential undervaluation in the market [1] Company Overview - Hurco Companies has no debt and possesses ample cash reserves, positioning it favorably for investment opportunities [1] - The company operates in the CNC machine manufacturing sector, which is critical for various industrial applications [1] Investment Focus - The investment strategy emphasizes deep value and special situations, particularly in the small-cap and micro-cap segments [1] - Areas of interest for investment include thrift conversions, community banks, and shipping, where value may be overlooked [1] Background of the Investor - The investor does not have a traditional finance background but has a philosophy education from UC Berkeley, which has influenced a skeptical approach to investing [1]