I'm of the view that this is a great buying opportunity and have added 5000 shares the last 2 days.
David and Andrew have a track record of successfully integrating past acquisitions and squeezing more revenue out of the new assets then their past performance. They have weathered much more difficult times in 2008-2009 and this is an over reaction to fears of overexposure to the oil segment, absorption of one time costs and less than a quarter spent integrating and getting the costs of the new acquisitions under control.
I always feel comfortable knowing that David has 5% of the float so obviously hes making decisions that he thinks will increase his own long-term value as well as ours. They know they have to be internally focused and I expect the next few quarters to be big improvements.
You dont have to defend mntx to me, I've been in and out since 2.10. sometimes you have to learn to separate short term market fluctuations from your assessment of the company.
I bought back in early summer last year in the high 8s when I could have been getting more shares in the 6s and 7s.
Should wait, its going to go lower before higher. I'm also surprised nobody on this forum noticed the increase of short interest reported on July 15th to around 500k shares, highest I've ever seen it on MNTX.
I think the drop in backlog is expected and ok... they are just converting the orders into revenue at a much faster rate with last year's expansion of manufacturing capacity, I'm more concerned with the temporary margin reduction.
Also, I'm happy with the new 70 ton crane.. nothing really worries me with Andrew and David I know they will make right moves for the company and produce good long term value/growth.
Any of the regulars have a take on price action from here? I see this as a confirmation of the long term trend and should mean some new institutional buying before the usual fall slide..
LOL, I was just going to ask him when and for how much be bought TEX. I paid 2.05 for my MNTX and I think TEX is a great company but in the same period the returns I would have achieved were about 300% lower I had bought and held TEX on the same day. I'm not sure how TEX is perceived as less risky?
Can you please explain James in both a qualitative and quantitative fashion why you believe that sans Ad Hominem attacks? Or are you lazy?
Sentiment: Strong Buy
Honestly, the financials have been doing nothing but improving and there is a lot more room than $14 between now and 2015.. the 350 million in sales is a CONSERVATIVE estimate from the management team w/out acquisitions.
"Working capital has increased $20.4 million from December 31, 2011. The principal movements have been a net increase of cash of $0.9 million, and receivables and inventory of $31.3 million, being partially offset by increased accounts payable, accrued expenses and other current liabilities and short-term notes payable totaling $11.9 million. This increase in working capital helped support year-over-year growth of 44% in revenue.
Our current ratio of 2.4 and our other working capital ratios remain strong as we move through this growth pace. Inventories increased since the end of 2011, as we've ramped up production at our operations and the supply chain has responded to our scheduled increases. Raw material includes inventory truck chassis which has allowed us to improve production throughput by reducing the impact of delayed deliveries from manufacturers. Increased working process and finished goods reflects the improvements of the pipeline of product shipment in the next quarter as some of the longer lead times in the backlog prepare to ship.
Slide 9 shows our capitalization and liquidity position. Total debt increased in the year by approximately $6.9 million or $5.1 million net of cash. The composition of this, however, is now quite different, since during the year, we were paid $6.6 million of long-term, mostly acquisition-related debt but expanded our short-term revolver-based debt to support the growth increase. 2012 EBITDA was $18 million, equal to 8.7% of sales, which provides a strong interest coverage ratio of 7.3x, and at December 31, 2012, our debt-to-EBITDA ratio have improved to 2.7x, from 3.8x a year ago. "
Sentiment: Strong Buy
Actually, positive flow of $15.23 M today with buying pressure...
If you had a brain you would realize posting and trying to influence a tiny portion of retail investors who are already a tiny slice of the action is a complete waste of time.
How much you paid per post?
If you follow the chart with institutional investors taking positions in Q1/Q2 I think we top out at 12-16 this year and retrace in the fall to 10-12 before pushing back up next year to new levels.. provided nothing changes earnings wise..
There were 360,000 shares short as of June 1, and there are 320,000 shares short now roughly. Should be really interesting. While there is tons of volatility and money to be made shorting I hope those who really understand this company don't think its a long term position.
Long over 7K shares since 2.05 and #winning.