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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (7037)	5/30/2024 2:37:39 PM
From: E_K_S	Read Replies (1) \| Respond to of 7243

I followed you into more MTW yesterday and noticed it got a good bounce today +3.48%. What's your eventual Exit strategy? My plan is to peel off some of my high cost shares as this moves higher (maybe start w/ small sells at/above $14. PE is still quite low and as you said they do have a back log of orders and a strategy to increase FCF perhaps from renting out equipment. There is/was recent resistance at/above $18/share but if management does execute their plan to expand/stabilize FCF, there is huge potential for this to create value. The stock was >$100 in 2014 Still have room to double my position but would like to see how this plays out in the next 6 months and see if management does find a partner to build out some type of rental program. FWIW, been watching two of the large equipment rental players URI & HRI and both have been excellent performers. Unfortunately closed out my HRI position w/ a 50% gain. I like the FCF these companies generate from their rental programs.