If the crane businesses of Terex (NYSE:TEX) and Manitowoc (NYSE:MTW) had a severe case of the sniffles this quarter, it stands to reason that Manitex (NASDAQ:MNTX) would catch cold as well. The good news is that Manitex showed cost discipline and orders seem to be recovering nicely. There's not a lot of obvious value left in these shares, though, so more value-oriented investors may not find as much to like right now.
A First Quarter Miss, But Not So Bad
Manitex definitely missed this quarter, and I have to confess a little curiosity about the significant pre-earnings drop in the share price - a drop more in time with Terex or Manitowoc earnings would...
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