2013 "Outlook: The Company’s overall outlook for fiscal year 2013 financial performance is consistent with our prior view, although our segment guidance now reflects the new reporting structure. Mr. DeFeo added, “Terex remains focused on improving profit through organic means, integrating the businesses more thoroughly, and generating consistent free cash flow. We reiterate our annual outlook of earnings per share to be between $2.40 and $2.70 per share, excluding restructuring and other unusual items, on net sales of between $7.9 billion and $8.3 billion.”"
Outlook 2014: “The Company’s overall outlook for 2014 has not changed,” Mr. DeFeo added. “We expect continued strength from our AWP segment and improvement from our other segments throughout the remainder of 2014. We reiterate our annual outlook for earnings per share of between $2.50 and $2.80, excluding restructuring and other unusual items, on net sales of between $7.3 billion and $7.7 billion. Terex remains focused on improving profit through organic means, integrating the businesses more thoroughly, and generating free cash flow.
That was the day I cried and sold Tex stock. Since then the stock has moved up 43% and my stock I put my TEX money into (COF) has only moved up 27%.
However I believe this was the right play. Just like I felt buying Terex was the right play in 2011 when it was at $10.
I really don't understand how the market would punish TEX so bad in 2011 for nothing. And in 2014 it seems businesses like TEX, OSK, MTW, CAT are rewarded for producing mediocre results.
Terex is still my favourite stock but how can anyone be long with a good concious at $43 when the company can't grow revenue in 2 years? Yet somehow is going to grow earnings by 200% by 2015.
At some point in time you have to say well ya if you are going to get to $5 a share in 2015 and you say that at the end of 2012 well you would probably earn $3 in 2013, $4 in 2014 and $5 in 2015. How can we even trust any amount in 2015 when once again 2014 is up in the air. It is not so clear they hit the $2.4-2.7.
If thye were going to hit it. Q1 would have shown a huge improvement to last year.