France is probably not a country where most investors are going to think of searching for a quality industrial company, but Manitou (MAOIF.PK)
(MTU.PA) just may be the exception. Although the company is heavily
exposed to Europe and the shares aren't all that liquid even on the
Paris exchange, the company's rough terrain handling and industrial
material handling equipment could fuel years of above-average global
growth.
This is definitely a riskier-than-average proposition. The
stock is basically controlled by two families, sales to the U.S. and
Asia are minor, and the company has yet to rebuild its margins in the
wake of the global credit crunch. But if Manitou can return to free cash
flow generation on par with Terex (TEX), Oshkosh (OSK), and CNH Global (CNH), these shares are set to rise more than 40%.
Please click the link for more:
Manitou Looks Like A Hidden Gem In France
No comments:
Post a Comment