Hardinge, Inc., through its subsidiaries, engages in the design, manufacture, distribution, and marketing of computer controlled metal-cutting lathes, machining centers, grinding machines, collets, chucks, indexing fixtures, and other industrial products. It also offers workholding devices for machine tools. The company provides its services to aerospace, automotive, construction equipment, defense, energy, farm equipment, medical equipment, recreational equipment, telecommunications, and transportation industries, as well as to small and medium-sized independent job shops. It distributes its products under the �Bridgeport' brand name through distributors, agents, and manufacturers' representatives, as well as through direct sales force in the United States, Canada, China, Germany, and the United Kingdom. The company was founded in 1890. It was formerly known as Hardinge Brothers, Inc. and changed its name to Hardinge, Inc. in 1995. The company is headquartered in Elmira, New York. The thesis for this buy is that this stock is just dirt CHEAP on a PE basis. When I bought the stock, it was trading just 7 times PE ratio while growing revenues at 20%. In addition, HDNG's sales are 65% outside of the US which means that a recession in the US does not cripple the stock, and there is a benefit when results from abroad are translated for GAAP purposes. Also, since its main competitors are located outside the US, HDNG's products become cheaper than its competitors.