France is probably not a country where most investors are going to think of searching for a quality industrial company, but Manitou (OTC:MAOIF) (MTU.PA) just may be the exception. Although the company is heavily exposed to Europe and the shares aren't all that liquid even on the Paris exchange, the company's rough terrain handling and industrial material handling equipment could fuel years of above-average global growth.
This is definitely a riskier-than-average proposition. The stock is basically controlled by two families, sales to the U.S. and Asia are minor, and the company has yet to rebuild its margins in the wake of the global credit crunch. But if Manitou can return to free cash flow generation on par with ...
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