I had been more bearish, or at least more cautious, than a lot of analysts regarding the outlook for manufacturing stocks in 2020 given the still-weak underlying end-market trends and the prospects of election year disruptions, but I certainly didn’t have the huge Covid-19 impact in my models. With the pandemic impacting economic activity around the globe, investors find themselves in what is basically an “all bets are off” environment when it comes to manufacturing equipment companies like Hurco (HURC).
Hurco’s strong balance sheet is likely its best asset today, as the company’s