I happen to be a big believer in the idea that subjects like psychology,
philosophy, and theology can have real-world investing applications,
and the market's treatment of Manitowoc (NYSE: MTW)
reminds me a bit of William James' "Will To Believe" lecture. Although
the recent trends in construction and QSR traffic haven't been all that
encouraging, the market is still willing to value Manitowoc on the basis
of the belief that trends will improve later this year. I don't think
Manitowoc is necessarily overpriced today, but I do wonder if there
aren't better plays on some of the same underlying themes.
Please continue here:
Slow Capex Demand At Manitowoc Not Bothering The Street
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