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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 7.040+2.3%Nov 5 3:59 PM EST

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From: richardred7/2/2024 12:28:41 PM
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Two buys today MNTX & HBIO.

$MNTX IMO dealers have got cautious about ordering to add to their inventory. This IMO pushes back PM group orders. This was supposed to be a big catalyst. I think it’s still in place but will be delayed now. If anything having a parent company like Tadano having a stake, helps securing new PM group orders.
EC >We are in active discussions with several new dealer partners to adopt the PM knuckle boom cranes into their product offering. This is part of our Elevating Excellence strategy in 2024, and the discussions to-date have been very promising. Last month, we announced the launch of our newest offering from the PM Group, the PM 70.5 articulated truck mounted crane. The model was designed for global use, but we are looking forward to launching this innovative product in North America later this year.
$MNTX dipped into the three’s last year to. In my opinion, a lot of institutional investors bailed last year too. I think we could possibly get down there again. After they bailed, the company fundamentally turned in a very good performance and the stock price went up. I believe this could be the same scenario again.

I’m not forgetting Terex owns a piece of MNTX. They bought Genie lift years ago. They also sold to Yanmar some of their construction business.Yanmar bought ASV which Mntx bought from Terex. I believe it’s possible MNTX is still a prominent acquisition candidate. Besides Tadano who own some 11%. I believe MNTX makes a good fit for OSK who bought JLG many years ago.
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