It was almost a year to the day when I last wrote on material handling company Terex (TEX). I was positive on the stock at that time, and the stock did outperform over the past year (up nearly 27%). Like so many other industrial/heavy machinery names, though, I find myself asking if investors have been too eager to factor a strong global economical recovery into the numbers. While I still think Terex has a good business and a solid management team, a lot seems to be riding on businesses that have a lot of exposure to the still-feeble European economy.
Closing The Year On A Disappointing Note
When Terex announced earnings last week, the company disappointed the Street....
Only subscribers can access this article, which is part of the PRO research library covering 3,760 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: