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

Manitex In Good Shape For A Slow 2014 Recovery

Investors definitely want to believe that the crane market is on its way to recovery, as both Terex (NYSE:TEX) and Manitowoc (NYSE:MTW) are near 52-week highs. Clearly, there is more to these businesses than cranes, but a quick perusal of sell-side research shows that's where there is the most optimism. All of that should be good for Manitex (NASDAQ:MNTX), a smaller, faster-growing crane player with more of a niche focus.

Manitex really could use a sustained recovery in the U.S. land drilling market, and better conditions in the housing and commercial construction markets wouldn't go unappreciated either. Even so, I think the company deserves credit for outgrowing its markets and showing solid margin improvements,...

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