I forgot to post this on Friday. Bought 200 shares of Manitowoc (MTW) in after hours trading on Friday at $9.44 per share. Manitowoc’s primary business is manufacturing and selling cranes. The company’s shares have been punished by the economic recession. Manitowoc has $382 million in cash and only 247 million in debt. Manitowoc has almost $3 per share in cash on the balance sheet and is selling at a discount to book value. It may take some time but shares should rebound with increased spending on infrastructure.
January 4, 2009 by Leave a Comment