TheStreet.com's Jim Cramer says the sellers are in control, and without dividend protection, we have no floor.
The bad stuff is in the market. It just has to get more in. That's all. That's the conclusion you have to reach when you see companies like Terex (NYSE: TEX) (Cramer's Take), which is valued at only a billion and a half dollars, or Joy Global (NASDAQ: JOYG) (Cramer's Take) at $2 billion and change or McDermott (NYSE: MDR) (Cramer's Take) at $3 billion.
Terex is a global manufacturer of a broad range of heavy-duty trucks, mobile cranes, and aerial platforms used mainly in infrastructure construction, such as highway and road-building, and surface mining. And more important, some 70% of Terex's total 2007 revenues of $9.1 billion was generated outside the U.S...
Terex is a global manufacturer of a broad range of heavy-duty trucks, mobile cranes, and aerial platforms used mainly in infrastructure construction, such as highway and road-building, and surface mining. And more important, some 70% of Terex's total 2007 revenues of $9...
Terex Corporation (TEX) is the 3rd largest manufacturer of construction equipment in the world. The company manufactures equipment for construction, infrastructure, quarrying, mining, shipping, transportation, refining, and utility industries worldwide (Yahoo! Finance, 2008). It operates five primary segments, namely Aerial Work Platforms [AWP], Construction, Cranes, Materials Processing & Mining [MP&M], and Road-building, Utility Products, and Other [RBUO] segments. Sales are geographically diverse with almost 70% of 2007 sales being derived from outside the US. TEX has achieved 12-year co
Terex (TEX) sells cranes, among other things. This is a play on urbanization. You’ve heard the word before. It’s this generation's form of the baby boom, sort of. People all over the planet are moving towards cities. It started when condos started skyrocketing a decade ago, or so. They also sell equipment for mining, forestry, roads, and recycling.
They just announced earnings tonight, and beat by a mile. They reiterated sales targets but warned margins would be hurt by rising steel costs. They said they were going higher with their own prices to reflect this problem.
Our target price of $56.50 provides a return potential of approximately 9%. We retain our Hold recommendation on the stock. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to s...
Terex (TEX), which is based in Westport, Connecticut, plays in the same big sandbox as Cummins (CMI), Caterpillar (CAT), and Komatsu (KMTUY.PK). It differs in product mix with more equipment geared towards highway construction, drilling, mining, and military procurement. The company also does sizeable business with the waste management and forestry industries. In sum, this is a company that builds heavy construction machinery and delivers it worldwide. In fact, 65% of its business is done overseas which is good considering the slowing American economy
A company that manufactures equipment for Mining, oil, building, and infrastructure that has been beaten up but still makes money. How can you go wrong? This is my favorite type of company since I believe the recessions are generally short lived and government spending on infrastructure is inevitable. This might have a bumpy ride for the next few months, but should be a winner by election time.
P/E around 11 near historic range for this type of company leads me to believe that it is fairly valued for this economy but should accelerate going forward.
TEX will directly benefit from international operations for construction equipment in aerial work platforms, cranes and mining equipment. Now the 3rd largest manufacturer, they continue to have room for growth through M&A. With an expected growth from 97 cents to $1.40for 4Q in mid-Feb, the stock will pop after earnings, especially if they bear earnings estimates again like they did 3Q.
Terex Corp (NYSE:TEX) recently announced earnings and increased guidance for the year. But insiders are all selling. Ronald Defeo (Exec Chairman and CEO) has been consistently selling. 20% of insiders shares have been sold in the past six months. In the meantime institutional holdings have increased approximately 1.6%
Terex Corporation manufactures equipment for construction, infrastructure, quarrying, mining, shipping, transportation, refining, and utility industries worldwide. What do you believe for the future?
Terex Stock has risen from under $40 this time last year b...
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About Terex Corp.
- Answers.com
Terex (TEX) sells cranes, among other things. This is a play on urbanization. You’ve heard the word before. It’s this generation's form of the baby boom, sort of. People all over the planet are moving towards cities. It started when condos started skyrocketing a decade ago, or so. They also sell equipment for mining, forestry, roads, and recycling.
