You shares are in the process of transmigrating from a state of real value to that of little or no value. This is a good sign sent to us from the powers above.
I think if Langevin can reduce debt (last CC he alluded to “product rationalization” – I hope that means jettisoning low margin bus.) such that EV comes down to about 385M this would support a peer comparable EV / EBITDA mult in the 10’s with stock price at 12, EBITDA margins in the 9’s and ’16 revs at about 420 or so. One could eventually build a healthier F-PE of 14 on projected ’17 earnings of .90 to 1.20 – all of which I think would be achievable in 12 – 18 months. This portends a stock price easily rising above 12.00 through late 2016 – 2017. Getting debt to EBITDA below 4, (low 3’s) would undergird SP as well. And frankly I think this is kinda conservative but we’ll soon find out.
The CC will be interesting. I'm curious about their synergy and how much progress they feel like has been made. We should get a feel for what management's view of next year looks like.
I hope so too, qckirk. I started averaging in around $10/ share, and bought more in the $8s and $7s, but losing my shirt now that we have breached the $6 level. You're right, something sure seems odd, this has made new 52 week lows for several months now, with no sign of stopping, or forming a bottom.
I hope you are right about next year mnmoneymaker1. At next year EPS estimate of $0.85, this is currently trading at a little under 7 forward PE. A share price of $12.00 would put us at a 14 PE. Do you believe this multiple is justified?
Yea, it sucks. A lot of late model Manitex cranes sitting in rental yards due to the shale bust. Google Manitex cranes for sale. That and uncertainty over the management and integration of recent acquisitions. You gotta look long.
This is crazy they paid 100 million for the last aquis. and issued shares at 15 and now the market cap is less the the co.that David Langvine just bought....man I hope he did not mess up with terex on the joint venture ie.Terex having to buy Manitex shares. it sure looks odd to me.my opinion of course
My guess is that market is factoring in a miss on Q2 EPS and to include some more downward revisions until then (8/5). Year end EPS around .38 - .40 and Revs around 390. Hate to say it - and I'm long - but prepare yourself for $4.00. Bright side is that by end of next year flirting with 12.00 - 13.00 again if no recession.
If they really believed the stock was going to go up, they would sell. That would be a positive sign. Study the transmigration of shares and you will understand this.
is a terrible sign. They are holding because they believe their money will be lost. Nothing could be clearer.
Sentiment: Strong Sell
Very dissappointing over the last year, making new 52 week lows every day. Down 64% from the 52 week high. Hopefully they can show some growth over the next couple quarters, or we may be headed back to the $2-$4 dollar range.