Okay, I'll check the price on Tuesday to see how much lower. It's at $28.05 now.
Does it still look like MTW is taking a swan dive? You can't tell what direction a stock will take based on it's current trading pattern. If you can, please tell me if the price will be higher or lower on Tuesday based on today's price movement. You will be right around 50% of the time.
The noose is tightening around management. Check out the 8K from last night. They are obviously about to hit the road to try and save their buts
It would be nice... I've been long since 2009, getting in at a little over 4 per share and seen many swings since... A major "pop" due to Relational & I think I will finally close my position on MTW, we will see...
Stock rising on a nothing market day just before holiday with slightly higher volume? Are Relational Investors about to get their break-up?
. You cant build a crane with a degree, or a painted line on the floor.. Alot of people came thru the shop over the years. Even one was a professor. But it didnt do him any good in the manufacturing of what we did. You can have all the education you want but if you dont apply it and work the field you were schooled its wasted time. There are a lot of smart people that dont have degrees that have made a lot of companies a lot of money by going over and above what their "JOB" is. A lot of things wouldnt have gotten out of the shop if it wasnt for these dedicated people.Sure you have people that take advantage of things in both union and non-union shops and that is cause the people who are suppose to deal with it stick their head in the sand and let somebody else deal with it. You say the good will rise to the top but there are a lot of people that take credit for other peoples actions in manufacturing.And the little guy doesnt get credit for it. Its not a one man show and everybody has to work as a team to achieve this.You cant have people sitting on meetings ,a few of these people go so they dont have to do the work they were hired for and can complain about the the people that do their job. If people dont see this it will be the end You cant BULLY people and make them go backwards and be happy productive because of a few whiners. These people that are whining should do their job and not worry about other people and if they dont like it move on. They built cranes before they came here and they are doing this for their personal gains. Its too bad that people are so blind and only see what they want to see.
be careful about that. This is one messed up management team that is struggling to get consensus on whether or not the overall strategy is correct. Relational Investors is accumulating an interest for a good reason. They know that the company strategy is wrong (along with everyone else) and the shareholders are suffering accordingly. I expect the stock price has already peaked and will eventually level off in the high teens, provided of course, the economy doesn't #$%$ out. The competition is killing the foodservice group and will continue for quite some time. Years of underinvesting, cost cutting and management realignment will take a toll. Worse is yet to come.
While I admit that my VP manager does not always make the most prudent decisions and often the numbers are overblown. The fundamentals are great right now and with the recent drop! I am dumping over 50% 401K into our stock on Monday.
Sentiment: Strong Buy
They purchased Enodis to level the up and downs of the crane segment, the problem is, instead of continuing to allow the Legacy Enodis companies to continue doing what they have been doing for decades (and were rather good at it) they started screwing with it by merging facilities and this year a complete restructuring of the foodservice business. (stupid, stupid, stupid)
They have sucked the life out of the Enodis brands, the talent is leaving in bus loads like rats off a sinking ship, the customer and dealer network are #$%$ off. ICE and BEV seem to be the golden boys, but they no nothing of the hotside business, and management is not listening to the hot side professionals (the ones that are left)
It is painful to watch the destruction..
Too bad they couldn't leave well enough alone.
i'm guessing this quarter will serve as validation that this management team can't run either business and therefor may be unable to run any business. TLMF. I look forward to the filing monday morning that says relational increases stake to 12% seeks active meeting with management before they can destroy more shareholder value.