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The Manitowoc Company, Inc. Message Board

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  • burgersboat burgersboat Dec 12, 2002 8:06 PM Flag

    Manitowoc's bottomline gets spanked

    At one time, MTW was as good as gold. It still may be @ some circles. But 4 me, I'm Not happy with the present Management.
    I live in Manitowoc,,I hear employees talk,,I see what's going on & I see what is & isn't being shipped out. I feel Very uncomfortable @ what's going on,,,who is running what & how they got their jobs. The days of what u know/knew is gone. Now it's who u know ..
    That is not the way the Company has been run in the past. Granted things change.
    But to put people in charge of areas they know "nothing" about scares me. They can be "fooled" into making the wrong decisions @ the right time.
    Another thing that bothers me is when the board is more interested in "taking advantage" of certain situations & not doing their utmost to push the company/s forward.

    I've growin up with the MTW company,,used the stock for collateral on my many purchases. Trusted their wisdom. But that was when the company had people who also were concerned on It's "Bottom Line" . Now it appears that many are concerned about "Their bottom line" and the company is secondary.

    I personaly am waiting for the stock to improve it's position & than I'm going to rid myself of many of my shares. I'll put the money aside & wait to see what transpires. When & if I feel comfortable,, I'll buy back in.

    That's my .02 cents worth

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