Also Manitex 2015 guidance is lower proportionally from TEX. MNTX is smaller and much more risky yet it trades at a premium to TEX
See I always wanted to wait on MNTX. Anyways I always said MNTX looked all right but Terex is the one and only king. TEX is still so undervalued its unbelievable
Can't argue with that james, I just like the opportunity Manitex has and see another growth story here that is undervalued......TEX is still the king!
Sentiment: Strong Buy
Personally I think they're both dirt cheap. The market is not paying for their growth potential. They get the same p/e as slow growers like CAT. I just wish they'd both get valued like MTW.
Ya I can see MNTX could be seen as cheap but remember they don't have the excess cash like TEX does and also they are small and inherently more risky with a higher discount rate.
Also does anyone think Manitex is a combination of the names Manitowoc and Terex = Manitex?