With Terex (NYSE:TEX) and Manitowoc (NYSE:MTW)
both disappointing the Street this quarter, and showing weak results
from their crane businesses, the writing was on the wall for Manitex (NASDAQ:MNTX)
and the company did miss all the way down its income statement. The
bright side is that Manitex seems to be doing better on a relative basis
and may well be gaining share in North America. Increased light
construction and energy activity could help results in the second half,
and management remains committed to building a larger growth-oriented
enterprise in engineered lifting. Manitex continues to look undervalued,
and while it is a riskier play on improving crane demand with those
extra risks could come extra rewards.
Read more here:
Manitex Misses, But May Be Building Momentum
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