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No. of Recommendations: 3

I’m thinking that you are worried about future growth opportunities for Cognex? And the sliding share price since last year’s record performance?

I believe that 2018 will see more of the slower growth as the company stated at the beginning of the year they don’t expect large orders from the consumer electronics companies. Note that they haven’t lost out to a competitor just that that there is less CapEx spending from them.

Cognex doesn’t have a recurring revenue model, it’s strictly make and sell. And it’s diversified by customer industry and geography. So there can be quite a bit of variation from quarter to quarter.

I have been a shareholder for a while and am encouraged by their focus on R&D, new products and strong cash position. I believe management had said several times they expect to grow by 20% each year for next five.

I like this company and will continue to own, watching for a bargain price to add.

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