Tuesday, March 28, 2006 4:50:37 PM
MTW - One of the BEST of the PIC List...............
Just look at that Hockey Stick! I hope it brings some feelings of queaziness to any of you who still own it. Let's hope the future earnings are as generous as the estimates.
Value Line's 3-5 year estimate for the share price is $65 to $85 and its price today is over $90! I guess that means it's fully valued!
Here's what Value Line has to say:
MANITOWOC CO. (MTW; 88.30)*
Latest Report page 1357 1-27-06
Shares of machinery company Manitowoc Co. rose sharply after management raised its 2006 earnings guidance. The company now expects first-quarter and full-year share net of at least $0.82 and between $3.75 and $4.00, versus our previous estimates of $0.70 and $3.45, respectively. Strong demand from the global transportation infrastructure, energy exploration & delivery, and construction markets have significantly raised demand for mobile telescopic, tower, and crawler cranes. (Business at the Foodservice and Marine segments remains on track with management's expectations.) The better-than-expected crane demand and improving company-wide cost containment are expanding the operating and net margins. We have upped our 2006 share-earnings estimate by $0.50, to $3.95. (The annual assessment includes some $0.15 in stock option expense.) In 2007, we look for Manitowoc to earn about $5.25 a share. Manitowoc stock should at least perform in line with the year-ahead market. The recent valuation, however, severely limits the issue's appreciation potential to 2009-2011.
D.M.R.
* The earnings estimates presented herein supersede the figures found in the Summary & Index included in Issue 5 of The Value Line Investment Survey, dated 3-31-06.
Best regards, Tom
Just look at that Hockey Stick! I hope it brings some feelings of queaziness to any of you who still own it. Let's hope the future earnings are as generous as the estimates.
Value Line's 3-5 year estimate for the share price is $65 to $85 and its price today is over $90! I guess that means it's fully valued!
Here's what Value Line has to say:
MANITOWOC CO. (MTW; 88.30)*
Latest Report page 1357 1-27-06
Shares of machinery company Manitowoc Co. rose sharply after management raised its 2006 earnings guidance. The company now expects first-quarter and full-year share net of at least $0.82 and between $3.75 and $4.00, versus our previous estimates of $0.70 and $3.45, respectively. Strong demand from the global transportation infrastructure, energy exploration & delivery, and construction markets have significantly raised demand for mobile telescopic, tower, and crawler cranes. (Business at the Foodservice and Marine segments remains on track with management's expectations.) The better-than-expected crane demand and improving company-wide cost containment are expanding the operating and net margins. We have upped our 2006 share-earnings estimate by $0.50, to $3.95. (The annual assessment includes some $0.15 in stock option expense.) In 2007, we look for Manitowoc to earn about $5.25 a share. Manitowoc stock should at least perform in line with the year-ahead market. The recent valuation, however, severely limits the issue's appreciation potential to 2009-2011.
D.M.R.
* The earnings estimates presented herein supersede the figures found in the Summary & Index included in Issue 5 of The Value Line Investment Survey, dated 3-31-06.
Best regards, Tom
Port Washington, WI 53074
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