They #$%$ their pants......if TEX would be down 10-15% if they announced a bad qtr like MTW did this morning, what a joke......TEX should be in the 30's, only a matter of time.....be patient, wall street will wakeup....
lol ive been saying for years that MTW is horrible the stock makes no sense sort of like Dominos or a lot of other stocks where people go ya the value is $14 but its a made up number.
MTW has negative tangible equity of -1.5 billion so the earnings power of the company has to greatly outmake that. TEX has tangible equity of 400 M.
MTW has a current ratio of 1/1 TEX is 2 to 1. So TEX would have a lower discount rate.
TEX is growing much better
TEX has much greater earnings power
Despite all this we only see a 700 M difference in the valuation of the 2 companies. It used to be even closer when I complained.
The -1.5 billion of equity alone gives the company at least a -700 M value. TEX 400 M of tangible equity is probably worth about 200 M a positive value. So people after that would rather buy MTW's crappier financial position and crappier earnings power over TEX
When wall street wakes up, look out, TEX's cash flow has been huge and with increasing margins and debt reduction....wow!!!!! Just hoping insiders don't start selling in droves, small sales here and there are fine.....hopefully we don't slip into recession next year, if economy improves then we head to 40's next year!