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The fact that Hurco (HURC) is starting to see a sharp downturn in revenue really should be no surprise; orders went negative three quarters ago, and nothing in the global manufacturing economy has really gotten better since then. At this point, there is still a great deal of uncertainty over the shape of this downturn – will this growing “sluggishness” turn into an outright recession, or is this more of a lull in an otherwise healthy trend?
I’ve been of the opinion for about six months that there was more emerging weakness than