Bob Olstein is pumping up MTW in this week�s Barron�s.
�Sales are likely to rise to $1.9 million in the next few years, from $1.7 billion. Margins this year could be as low as 6%, but could return to 9% at the cyclical peak, two or three years down the road. Earnings could start moving in 2004, and reach $3 a share at the top of this cycle. Those earnings should be all free cash flow. Based on its current market value of $630 million, Manitowoc sells for a huge discount to sales. We think the stock is worth north of $35.�
Don't bank on it with trade wars looming. Olstein has a fund to manage of course he'll pump a company he owns. I once had shares in the Olstein Fund. Sold it, bought gold and silver mining shares. Sterling Mines hit $9 today.
Dow Jones Business News Citibank Closes All Long Dollar Positions as Unit Plunges
In a research note, Citibank currency analysts cite three specific reasons: the U.S. decision Tuesday to impose temporary quotas on certain textile imports from China, the dollar's failure to respond to positive U.S. economic data and the breakdown of key technical levels such as dollar index support at 90.56.