Filed under: Stocks to Buy

Readers of this space know that the investment bias is toward large-cap companies with demonstrated business models and a competitive advantage in established markets, preferably with a favorable global trend as a support. With the above in mind, Manitowoc is worth an evaluation.

Manitowoc (NYSE: MTW) is a diversified manufacturer of cranes, food service equipment, and marine vessels.

Analysts really like MTW’s crane business, which in 2006 accounted for 76% of earnings and 81% of revenue. Analysts continue to see robust demand for MTW’s cranes from Asia and Europe, particularly from emerging market countries in this regions.

Analysts also like MTW’s food service business and marine division; the former is likely to see continued strong demand for refrigeration machines and equipment; the latter, adequate demand for commercial seafaring vessels. The Reuters F2008/F2009 EPS consensus estimates for MTW are $3.41/$3.90.

Continue reading Manitowoc is riding the boom in crane booms

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This entry was posted on Thursday, February 7th, 2008 at 9:47 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.