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The Manitowoc Company, Inc. Message Board

long_tex 15 posts  |  Last Activity: 5 hours ago Member since: Sep 6, 1999
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  • Reply to

    Simple logic on why Zoom Doesn't want

    by jamessmarson7 May 25, 2016 9:51 AM

    Wow, I missed this one. I don't think the 20% share price drop is justified, but if it goes down much more, I may add to my position...

    Sentiment: Hold

  • Reply to

    Simple logic on why Zoom Doesn't want

    by jamessmarson7 May 25, 2016 9:51 AM
    long_tex long_tex May 26, 2016 12:58 PM Flag

    Terex is not trying to force Zoomlion's hand. They set the deadline to appease Konecranes' fears that the MHPS buyout would get cancelled. It already happened once with Zoomlion jumping into the bidding. This way, after May 31, Konecranes can invest time, money, and effort into the buyout without having to worry about Zoomlion upsetting the deal. Sorry James, but you are wrong on this one and I think you will realize that later this summer when Zoomlion and Terex finalize the buyout and settle on terms.

  • Reply to

    Simple logic on why Zoom Doesn't want

    by jamessmarson7 May 25, 2016 9:51 AM
    long_tex long_tex May 25, 2016 3:16 PM Flag

    James. You do not make any sense sometimes. What does this statement mean? Quote: "It assumes that MHPS is actually interested in Terex therefore the sale of MHPS is not consequential."

    I think sometimes you type faster than you think.

    Anyway, time will tell, but my prediction is that Terex and Zoomlion will strike a deal after May 31. Terex and Zoomlion are both afraid of the CFIUS security issues. Without that "dimension" if you want to talk about multi-dimensional logic, then I am sure Zoomlion would be interested in MHPS. However, neither Terex nor Zoomlion want to risk the time and money in making a deal only to have it busted by the US government. The sale of MHPS to Konecranes satisfies both parties and also minimizes the risk of the US blocking the sale.

  • Reply to

    Simple logic on why Zoom Doesn't want

    by jamessmarson7 May 25, 2016 9:51 AM
    long_tex long_tex May 25, 2016 10:14 AM Flag

    James, May 31 deadline will pass, then Zoomlion will make an amended offer for Terex sans MHPS. Terex did this to ease security concerns of a Chinese company having port equipment contracts with US Government. Zoomlion does not care about MHPS anyway. Zoomlion knows that the US government would not allow them to own MHPS, so they could care less about that business being sold to Konecranes. They are mainly interested in the cranes business, but the other businesses as well. Konecranes deal will close for MHPS, then Zoomlion and Terex will negotiate a price on the remainder of the company...

  • Reply to

    Absolute genius

    by jamessmarson7 May 16, 2016 11:20 AM
    long_tex long_tex May 19, 2016 10:02 AM Flag

    James, there were two Demag companies. The first was purchased by Terex back in the late 1990s. This is the brand that is now being rebranded DEMAG without the Terex name. It is still part of Terex, but customers prefer the strong German Demag name, so Terex is being dropped from the branding. The Demag company that was purchased in 2011 is part of the MHPS which is being sold, but it is no longer referred to as Demag.

    Sentiment: Hold

  • Reply to

    Absolute genius

    by jamessmarson7 May 16, 2016 11:20 AM
    long_tex long_tex May 16, 2016 5:03 PM Flag

    James, do you even know which Demag you are talking about? Terex is not selling the Demag Crane line. They are simply rebranding them back to Terex-Demag. Demag is a strong brand in Germany for the huge lattice boom crawler cranes and big truck cranes. This is not at all related to the Konecranes sale.

    Sentiment: Hold

  • Reply to

    Absolute genius

    by jamessmarson7 May 16, 2016 11:20 AM
    long_tex long_tex May 16, 2016 5:00 PM Flag

    Obviously it is not a sure thing that Terex with sell to Zoomlion. We do not know if Zoomlion is still interested, although I am sure they are. Also, even if they sell for $31, it will take over 9 months to close the deal. It looks like investors feel like a chance for $31 in 2017 is worth about $25 today... That's how investing works...

    Sentiment: Hold

  • Reply to

    Absolute genius

    by jamessmarson7 May 16, 2016 11:20 AM
    long_tex long_tex May 16, 2016 1:28 PM Flag

    Genius indeed:

    1. Avoid the $37 million termination fee to Konecranes for abandoning the original deal.
    2. Appease CFIUS of security concerns by dumping the division with US government contracts.
    3. Generate short term cash (only $820K of the $1.3B is in cash)
    4. Maintain high premium for sale price to Zoomlion.

    Sentiment: Hold

  • Reply to

    TEX Breakup

    by blackoutbuzz May 16, 2016 12:44 AM
    long_tex long_tex May 16, 2016 9:00 AM Flag

    Not strange at all. Great move by Terex. Eliminates the security issues of a Chinese company owning the port equipment business... Port equipment to Konecranes, the rest to Zoomlion!

    Sentiment: Hold

  • long_tex long_tex May 11, 2016 8:28 AM Flag

    Because when I sold the calls on April 20, TEX was trading above 24. I figured 26 was a safer bet so that the calls will expire worthless and not get exercized. Plus, if the stock hits 26 and they do get exercized, I will get the extra $1 per share. If the price goes much higher, I may roll them to June 27 calls...

    Sentiment: Hold

  • long_tex long_tex May 10, 2016 10:48 AM Flag

    I sold May 20 26 calls. As long as it stays below 26 for another 10 days I will be good. Then I will probably sell some June 27 calls.

    Sentiment: Hold

  • long_tex long_tex May 9, 2016 10:26 AM Flag

    I am enjoying selling covered calls that expire worthless... Eventually I will have to sell my shares, but in the meantime, at least I can keep collecting premiums.

    Sentiment: Hold

  • Reply to

    I'm worried about Terex but

    by jamessmarson7 Apr 20, 2016 1:22 PM
    long_tex long_tex Apr 28, 2016 4:50 PM Flag

    Your comment makes no sense. Options expire worthless every month... Are you talking about calls or puts? And at what strike price? I sold some covered May 20 calls at $26 strike, so I hope TEX closes at $25.99 May 20 so I can sell some June calls at 28! If the price hits 26 before May 20 (which I doubt) I will roll to June or may let them get exercised and hold the cash for a bit...

    Sentiment: Hold

  • Reply to

    I'm worried about Terex but

    by jamessmarson7 Apr 20, 2016 1:22 PM
    long_tex long_tex Apr 27, 2016 8:25 AM Flag

    No kidding James, I can't figure out MTW. I bought my first shares on 3/4 at 4.25 and sold some May 5.00 calls. Looks like they will get exercised and I will be out with a 17% gain + the options premium.

    Sentiment: Hold

  • Reply to

    I heard zoomlion also put in an offer for MTW

    by jamessmarson7 Jan 26, 2016 3:43 PM
    long_tex long_tex Mar 7, 2016 8:03 AM Flag

    With Market Cap of 550M, I wouldn't put it out of the realm of possibility...

MTW
5.70-0.04(-0.70%)2:51 PMEDT