Laser Scanning Stocks Strong

Dont look now but it seems to me that the economy, at least here in the US is gaining momentum. The stock market, which is a predictor of the future certainly seems to be signaling that the second half of the year is going to be better.

The truth is that the laser scanning industry in general weathered the downturn in real estate development and construction better than most. Leica Geosystems CEO Juergen Dold reported at the User Conference in October that 2010 was a growth year for HDS and Hexagon Metrology as well. Manufacturing has been expanding for more than a year.

Trimbles recently announced fourth quarter results exceeded expectations, and they are guiding higher for 2011. Faro is now predicted to return to profitability in 2011 after being in the red for 2010.

Hexagons year end report will be released on Wednesday, February 9. Might be time to invest.