Terex Corp (TEX)

[mick]

nice chatting wit ya, 'Terex Corporation (TEX)'

[mick]

yes, Terex Corp (TEX)
15.02 ? 0.66 (4.60%)
Volume: 1,060,455 @04/08/20 4:10:00 PM EDT
Bid Ask Day's Range
- - 14.03 - 15.2
TEX Detailed Quote

[ofspring]

Hey mick you in this one. Been thinking about getting in long term.

[ITMS]

Terex Corp $TEX Dips After Earnings, Watch This Trade Level

Terex Corp (NYSE:TEX) manufactures capital equipment for the construction, infrastructure, mining and transportation industries. Last night, the company reported earnings and the stock is falling lower today. Currently, TEX stock is trading down by $1.75 to $41.18 a share. Traders should note that the stock is also trading below its 200-day moving average. This puts the stock in a weak technical position on the charts and signals further downside near term. The next major support level for TEX stock will be around the $38.00 level. This is where the stock broke out in early September 2017. Often, institutional traders will step in and defend the equity around this level when it is retested. I will be waiting for TEX stock to test this area before trading the stock on the long side.




Nicholas Santiago
InTheMoneyStocks

[stocktrademan]

TEX buy option 31.70

buy 19 JAN 18 25 call for 8.30









normal chart




log chart

[ValueInvestor15]

Bank of America upgraded Terex $TEX to buy today. Maybe... this DCF analysis does show 11% upside: DCF

[ClearlyStocks]

Wow. Big spike

[mick]

http://www.barchart.com/cheatsheet.php?sym=tex

[ofspring]

Ugh that sucks...

[Mma20]

Told ya

[Mma20]

This deal never gonna happen

[jones99]

Terex ($TEX) reported below-consensus adjusted earnings per share but its revenues were ahead of expectations. The company’s 2016 guidance was weak.

[ofspring]

Zoomlion Heavy Industry Science and Technology Co. (“Zoomlion”) to acquire all of the outstanding shares of Terex for $30.00 in cash. The proposal is conditioned on, among other things, receipt of US and Chinese regulatory approval and Zoomlion shareholder approval.

[ofspring]

Woooo what happen TEX????

[magness]

Gapped down 2% on the open yest, gap's open. Odds $TEX can close 1%-2% gaps on:

Day1 is 56%

Day2 is 14%

Day3 is 4%

+Day3 is 26%

[viper666]

I think when the new CEO takes over next year, but the old CEO, will be hired on as a consultant to aid in operations. The company has a lot going for it and the divi that are coming by the end of this year are I think .06, and the cut off date is November 15 I think. Might have to jump in before the 15th to get the divi return, hold till next year first quarter then make a choice to stay or get out.

[ofspring]

Your guess is good as mine... I like TEX but the industry has been slumping. .. I thought I read that it would take awhile like a year into next year. ..

[viper666]

Anything new come out yet, have the 2 merged or any spin off shares yet. Just wondering and thinking of dropping a large chunk into it.

[ofspring]

Genie parent Terex to merge with Konecranes

  

Originally published August 11, 2015 at 9:59 amUpdated August 11, 2015 at 11:08 am

The alliance of Terex and Finnish competitor Konecranes is a response to a slowdown in demand for lifting gear and heightened competition from Chinese manufacturers.

By Phil Serafino, Aaron Kirchfeld

Matthew Monks

Bloomberg News

Terex, a U.S. maker of cranes and construction machinery, agreed to combine with Finnish competitor Konecranes to create a crane and materials-handling supplier with a combined $10 billion in sales and greater global reach.

Westport, Conn.-based Terex is the parent of Genie Industries, which makes boom lifts, scissor lifts and other equipment at plants in Moses Lake and Redmond that employ a couple thousand people.

Terex stockholders will receive 0.8 of a Konecranes share for each of their shares, the companies said in statements Tuesday. That values Terex at about $30.19 a share, based on Monday’s closing price for Konecranes, or 38 percent above where Terex shares finished the day.

The alliance is a response to a slowdown in demand for lifting gear and heightened competition from Chinese manufacturers, which have increased capacity and are looking further afield for contracts amid the prospect of a slowing domestic market. The companies have highlighted $121 million in annual savings as they combine their operations.

[ofspring]

At closing, expected during the first half of 2016, the combined company will be owned approximately 60% by Terex' shareholders, and 40% by Konecranes' shareholders; the transaction is expected to be accretive to the shareholders of both companies in first full year after closing

[ofspring]

Terex shareholders will receive 0.80 Konecranes shares for each existing Terex share, which is consistent with the average share-price implied exchange ratios over the past 3 and 6 months of 0.7921 and 0.7933, respectively

[ofspring]

A whopping 32,000 employees. ..
The combined company will be called Konecranes Terex Plc with an estimated pro forma 2014 revenues and EBITDA of €7.5/$10.0 billion and €636/$845 million. The company will have approximately 32,000 employees worldwide and will be a global leader in Lifting and Material Handling Solutions.

[ofspring]

New Company plans to authorize a $1.5 billion share repurchase and initial annual dividend of approximately $1.15 per share

[ofspring]

Wow big news....

Terex and Konecranes to Combine in an All-Stock MergerDate :08/11/2015 @ 2:00AMSource :Business WireStock :Terex Corp. (TEX)Quote : 21.83  0.99 (4.75%) @ 8:00PM

Terex and Konecranes to Combine in an All-Stock Merger

Print

Alert

Terex (NYSE:TEX)
Intraday Stock Chart

Today : Tuesday 11 August 2015

Combination of Two Highly Complementary Businesses to Create a Global Leader in Lifting & Material Handling Solutions

Creates an industry leader with expected $10.0 billion in pro forma 2014 revenueResults in a stronger more competitive global lifting and material handling companyExpected to be accretive to both companies' shareholders in first full yearIdentified annual after-tax synergies of at least $119 millionNew Company plans to authorize a $1.5 billion share repurchase and initial annual dividend of approximately $1.15 per share

[ofspring]

Earnings out TEX.... Backlogs are up just skimmed over it

[ofspring]

Big green today TEX....

[ofspring]

[ofspring]

Wow another nice green day TEX...

[ofspring]

I been seeing alot of Terex cranes around now that up here they been doing heavy work on 35E in St. Paul... I would like to buy some shares here soon..

Construction has been big up here and the Midwest dont seeing it slow down... Economy should get a bump with these fuel prices lower imo...

[ofspring]

Manitex now owns 51% of ADV and Terex owns 49% of ASV. ASV's financial results will be included in Manitex International Inc.'s consolidated results beginning in the fourth quarter of 2014.

ASV manufactures and sells a line of high quality compact track and skid steer loaders. Trailing twelve months sales for ASV, Inc. were approximately $130 million with Adjusted EBITDA* of approximately $14.9 million for the same period.

[ofspring]

Some insiders buying..


2014-12-03
Purchase 2014-12-05
3:41 pm TEREX CORP TEX Ellis George
(President, Construction) 32 $28.51 $912 26,165
(Direct
Indirect) View
2014-12-03
Purchase 2014-12-05
3:40 pm TEREX CORP TEX Lousberg Kenneth D.
(President, Terex China) 61 $28.51 $1,739 74,925
(Direct) View
2014-12-03
Purchase 2014-12-05
3:39 pm TEREX CORP TEX HENRY BRIAN J
(SVP Finance, Bus Development) 81 $28.51 $2,309 270,322
(Direct) View
2014-12-03
Purchase 2014-12-05
3:39 pm TEREX CORP TEX Bradley Kevin
(SVP & Chief Financial Officer) 40 $28.51 $1,140 163,692
(Direct) View
2014-12-03
Purchase 2014-12-05
3:38 pm TEREX CORP TEX BARR KEVIN A
(Senior V. P. Human Resources) 8 $28.51 $228 119,049
(Direct) View
2014-12-03
Purchase 2014-12-05
3:37 pm TEREX CORP TEX DEFEO RONALD M
(Chairman & CEO
Director) 40 $28.51 $1,140 1,584,497
(Direct) View

http://www.secform4.com/insider-trading/97216.htm

[ofspring]

Earnings out TEX....

[ofspring]

http://openinsider.com/screener?fd=0&fdr=&td=0&tdr=&s=tex&o=&t=&minprice=&maxprice=&v=0&sicMin=&sicMax=&sortcol=0&maxresults=500

[ofspring]

http://shortsqueeze.com/?symbol=tex&submit=Short+Quote%99

[ofspring]

http://www.secform4.com/insider-trading/97216.htm

[ofspring]

TEX $30.28

[ofspring]

WOOHOO MNTX...

[JohnDee123]

TEX situation. Praised by Barrons and SA on the dip 1-2wks ago. Loaded cuz ideal situation. Consec upper since, right now easing but mind MACDs don't want to slide down in a hill formation, instead it might look like double hill. Money flow still trendy, stochs still up. Right now my backlog & social velocity tool raises long prealert. So I keep holding even if swingers would probably sell at this moment. I want this longterm beat the competition and gain 20%+ within 3 months.

[Seminole Red]

aleays liked this company

[JD400]

Lots Of Insider Buying

Here's just one, check link for the rest

TEX DEFEO RONALD M Chairman & CEO Nov 01 Buy 34.79 33 1,148 1,599,071 Nov 05 05:36 PM

http://finviz.com/insidertrading.ashx

[ZviTrader1]

$41 price target given by Credit Suisse. current price is $23.50!!

[OilStockReport]

I think its going to be good!

[Seminole Red]

it was 80 bucks not to far back....think about that.

[OilStockReport]

I read this article the other day. It does a great job of showing you were the company is planning on going. And in my opinion, the future is looking bright.

[Seminole Red]

Terex Continues Rebuilding Itself

http://stocks.investopedia.com/stock-analysis/2011/Terex-Continues-Rebuilding-Itself-TEX-CAT-DE-MTW0425.aspx?partner=YahooSA

[OilStockReport]

I second that!

[Seminole Red]

its had a good ride from 18 bucks last year....i want to still be in it for the next step up...

[OilStockReport]

TEX is a good play for oil sands boom to come.

[Seminole Red]

this one is wakeing up.

[scion]

SEC Charges Terex Corporation With Accounting Fraud

FOR IMMEDIATE RELEASE
2009-183

Washington, D.C., Aug. 12, 2009 -- The Securities and Exchange Commission today charged Terex Corporation, a Westport, Conn.-based heavy equipment manufacturer, with accounting fraud for making material misstatements in its own financial reports to investors, as well as aiding and abetting a fraudulent accounting scheme at United Rentals, Inc. (URI), another Connecticut-based public company.

Additional Materials
Litigation Release No. 21177
http://www.sec.gov/litigation/litreleases/2009/lr21177.htm
SEC Complaint
http://www.sec.gov/litigation/complaints/2009/comp21177.pdf

Terex has agreed to settle the SEC's charges and pay a penalty of $8 million. The SEC previously charged URI with fraud as well as officers of URI and Terex.

"Terex is being charged with helping United Rentals pull off a sophisticated accounting scheme," said Fredric D. Firestone, Associate Director in the SEC's Division of Enforcement. "These two public companies inflated year-end results in order to mislead investors during a period of industry recession."

The SEC's complaint, filed in U.S. District Court for the District of Connecticut, alleges that Terex aided and abetted the fraudulent accounting by URI for two year-end transactions that were undertaken to allow URI to meet its earnings forecasts. These fraudulent transactions also allowed Terex to prematurely recognize revenue from its sales to URI. The fraud occurred through URI's sales of used equipment to a financing company and its lease-back of that equipment for a short period. As part of the scheme, Terex agreed to sell the equipment at the end of the lease period and guarantee the financing company against any losses. URI separately guaranteed Terex against losses it might incur under the guarantee it had extended to the financing company.

The SEC's complaint also alleges that from 2000 through June 2004, Terex's accounting staff failed to resolve imbalances arising from certain intercompany transactions. Instead of investigating and correcting the imbalances, Terex offset the imbalances with unsupported and improper entries. As a result, costs were not recorded as expenses, and, on a consolidated basis, Terex appeared to be more profitable than it was.

Without admitting or denying the SEC's charges, Terex agreed to settle the Commission's action by consenting to be permanently enjoined from violating the antifraud, reporting, books and records and internal control provisions of the federal securities laws and by paying the $8 million penalty. The settlement is subject to court approval.

The Commission acknowledges the assistance of the U.S. Attorney's Office for the District of Connecticut and the New Haven Field Office of the Federal Bureau of Investigation in this matter.

# # #

For more information, contact:

Fredric D. Firestone
Associate Director, Division of Enforcement
[phone]

Kenneth R. Lench
Assistant Director, Division of Enforcement
[phone]


http://www.sec.gov/news/press/2009/2009-183.htm