Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Manitex: Are These The Early Days Of An Exciting Industrial Equipment Story?

Investors are usually wise to be cautious about buying into growth stories predicated on mergers and acquisitions, but Manitex (NASDAQ:MNTX) looks like a different sort of story, and one that may end well for patient investors. Eschewing more commoditized areas of the material handling market, Manitex has built a name for itself in heavy lift boom trucks, rough terrain cranes, and rough terrain forklifts, and is now looking to the fast-growing intermodal market as another potential avenue for growth.

While the company has plenty yet to prove with respect to margins and return on capital, the risk-reward balance here seems intriguing for more aggressive investors. I believe Manitex can not only drive improved operating margins from greater fixed...

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