I wrote on Manitou (OTC:MAOIF)
(MTU.PA) as a Top Idea back in September, thinking that the market was
far too pessimistic on a company that had built strong market share in
forklift trucks, telehandlers, and similar equipment through strong
engineering and product design. What's more, I thought the company had
the opportunity to benefit from improving market demand and drive
improved margins with better manufacturing and supply chain efficiency.
The
company has not only started logging some improved revenue and orders,
but named a new CEO. I believe Michel Denis is the sort of
operations-focused executive that the company needs right now, but he
has yet to lay out his plans for Manitou. The shares are up about 20%
since my initial writeup, but I continue to believe there is worthwhile
upside in the stock.
Click this link for more:
Manitou Getting Its House In Order
No comments:
Post a Comment