Manitowoc: This Looks Like A Bottom!

Nov. 15, 2022 11:23 AM ETThe Manitowoc Company, Inc. (MTW)1 Comment
Leo Nelissen profile picture
Leo Nelissen
21.03K Followers

Summary

  • The crane producer Manitowoc is a great trading proxy to buy once economic sentiment bottoms.
  • Right now, the stock is once again below $10 as a result of economic demand headwinds, supply chain issues, high inflation, and the related problems that come with that.
  • However, the company's backlog is strong, aftermarket sales are improving, and it sees strong long-term opportunities in its markets.
  • The valuation is attractive, allowing for at least a 100-150% upside once economic sentiment bottoms.

Business Cycle

E_Y_E

Introduction

It's time to talk about a stock that I haven't covered as much as I used to. The Milwaukee, Wisconsin, based heavy-duty crane company Manitowoc (NYSE:MTW) is one of the smallest industrial companies on my radar, yet it's one

Finviz Chart

FINVIZ

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Wells Fargo

TradingView (DXY Dollar Index)

TradingView (DXY Dollar Index)

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The Manitowoc Company

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The Manitowoc Company

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The Manitowoc Company

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TIKR.com

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TIKR.com

This article was written by

Leo Nelissen profile picture
21.03K Followers
I'm a Buy-Side Macro Expert/Financial Markets Analyst. On Seeking Alpha, I discuss a wide range of topics including long-term dividend (growth) investments, mid-term trading opportunities, commodities, rates, and related. A big part of my philosophy is to incorporate as much macro as possible in my articles as it helps investors to make their own decisions and to be on top of all major developments. My DMs are always open. Also, I'm on Twitter (@Growth_Value_) in case you want to say hi! Long-Term Dividend HoldingsPSA, DUK, HD, PEP, RTX, UNP, VLO, DE, ABBV, CAT, HBAN, NSC, LHX, XOM, CVX, CP, LMT, NOC, CME, DHR, EXR

Disclosure: I/we have a beneficial long position in the shares of CAT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This article serves the sole purpose of adding value to the research process. Always take care of your own risk management and asset allocation.

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