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Terex Corporation Message Board

  • Jul 14, 2008 8:11 PM Flag

    Bottom Here

    First time I can remember no one posting. I guess they have all gone...I'm wondering if this is the bottom. I want to get back in, but am cautious. Terex has never made $2.03 in a quarter. I guess everybody is selling because this is a high number. If the company was confident of their results, they would be buying back their stock big timr at these levels unless they think it's going lower!

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    • It's hard to predict the bottom here...three years ago this one was at $20. They've expanded capacity and debt in anticipation of filling global demand that might now be a pipe dream. Expenses are up and demand is slowing....not a good combination.

      I was long up until last week and went short just prior to the 10% decline. I'm typically not a short term trader but the momentum was hard to fight.

    • I banked on the bottom at $42. After seeing ETN today I am a little scared. They beat earnings and their forcast was down slightly for the rest of the year - the market reacted by dumping it 11+%.

      I do not own ETN, but I look to mid to large cap earnings as a sign of how the market will react to TEX.

23.40-0.42(-1.76%)May 3 4:02 PMEDT