Management matters, and that’s been proven over and over again in the market. Manitex (MNTX)
has a new CEO now, one with directly relevant industry experience and
success, and the company still has growth opportunities with its
articulated/knuckle-boom crane business that is kinda-sorta new to the
U.S. market. But the company also has very familiar old problems
including cyclical end-markets, weak margins, and not much evidence of
real value-creating momentum in the business.
Do I
think Manitex can be run better than it has been? Absolutely. Do I think
there’s a credible market opportunity for the company’s straight mast
and articulated cranes that can support meaningfully higher revenue,
margins, cash flows, and share prices? Yes. Do I think it’s worth the
risk to own the shares and find out? That’s a harder call.
Read more here:
Manitex - New Management And A New Year, But Old Problems
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