Sunil Shah

Terex to Benefit from Increased Infrastructure Spending

The Fantuzzi acquisition is the biggest blunder I have encountered in years. Mgmt could have walked away, with no penalty, but decided on some 18th century notion of integrity, they would jeopardise the entire company and proceed to buy a loss making entity that represented almost 20% of their entire market worth. Loved the company and its niched foray into infrastructure, but with bozos like that in command, Terex is destined to become a T-Rex during this downturn.

Watch out below.

Is Terex Headed for Extinction?

User, I'm glad you have an alternate view- that maketh markets. And its markets, their current state that we have to deal in, not some obscure long-term noble view on 'wholly integrated business', Terex has the opportunity to buy a great company at a bargain price- its own shares! The authorisation is in place. It would be shareholder money far better spent! I repeat, $267m for 22% of their entire company or a dodgy loss-making entity ship business- its a no brainer if there ever was one.

To reinforce the point, I see top brass have been buying their own shares recently, so why do something different with the company's cash?? I sincerely hope management can see this before they face a shareholder revolt, possibly even litigation.