MANITEX INTERNATIONAL - Teleskoparme und Fahrzeugkräne - 500 Beiträge pro Seite

[IchEmpfehleSembCorp]

Es lohnt sich wirklich, einen Blick auf diesen kleinen Wettbewerber der JUNGHEINRICH zu werfen. Zur Zeit hat der Aktienkurs vor allem dadurch gelitten, dass Anleger auf das miserable LKW-Neuwagengeschäft fokussiert sind und diesen Hersteller von Fahrzeugkränen links liegen lassen. Dabei hat MANITEX INTERNATIONAL während der Rezession seine Umsätze sogar gesteigert, was an Reparaturgeschäft und daran liegt, dass gebrauchte Nutzfahrzeuge mit dem Spezialangebot von MANITEX INTERNATIONAL nachgerüstet werden.

Nachdem die Marktkapitalisierung weiterhin unter 10 Mio. U.S. Dollar liegt, überwiegen die Chancen das Risiko deutlich.

Man werfe also einen Blick auf die Produkte und den aufstrebenden Chart:

[MrRipley]

Antwort auf Beitrag Nr.: 37.147.044 von IchEmpfehleSembCorp am 11.05.09 18:54:08

Ist das auch ein Aufzughersteller?

Es gibt zumindest einen, der ähnlich heisst und dort hatte ich vor einigen Jahren aus verlässlicher Quelle erfahren, dass die mit ihren Aufzügen eine erhebliche Reklamationsquote haben sollten.

[IchEmpfehleSembCorp]

Nein, Aufzüge gehören nicht zur Produktpalette.

[IchEmpfehleSembCorp]

Schluss bei 0,82 U.S. Dollar. Das führt zu folgender Bewertung:


P/E RATIO: PASS

The P/E of a company should be in the bottom 20% of the overall market. MNTX's P/E of 5.12, based on trailing 12 month earnings, meets the bottom 20% criterion (below 7.83), and therefore passes this test.


PRICE/CASH FLOW (P/CF) RATIO: PASS

The P/CF of a company should be in the bottom 20% of the overall market. MNTX's P/CF of 2.53 meets the bottom 20% criterion (below 4.12) and therefore passes this test.


PRICE/BOOK (P/B) VALUE: PASS

The P/B value of a company should be in the bottom 20% of the overall market. MNTX's P/B is currently 0.27, which meets the bottom 20% criterion (below 0.57), and it therefore passes this test.


CURRENT RATIO: PASS

A prospective company must have a strong Current Ratio (greater than or equal to the average of it's industry [1.71] or greater than 2). This is one identifier of financially strong companies, according to this methodology. MNTX's current ratio of 2.38 passes the test.

[IchEmpfehleSembCorp]

+++ Aktuell 41% im plus und in der Tagesspitze waren es sogar über 55% und dazu noch das 30-fache Handelsvolumen der sonst gehandelten Stücke +++


Hier ein interessanter Link:
http://unchartedstocks.com/2009/06/23/absurd-manitex-mntx-si…

"Absurd: Manitex (MNTX) Signs Contract Valued Close to It’s Entire Market Cap

* Micro-Cap Infrastructure Play
* Recently Announced $7 Million in New Orders
* Market Cap is $9 million
* Insiders are Buying

It is safe to say that no one wants to buy a quality micro-cap name in the infrastructure space at the moment.

How do I know this to be the case?

Well, take a look at Manitex (MNTX). Here is a company with proven management that has done a terrific job staying profitable amidst one of the worst and most unpredictable times in modern history. In May, the company announced first quarter results and everyone (including myself) were bracing for the worst. After all, Terex, Caterpillar, and a bunch of other giants kept on telling investors how bad they were coping with the slowdown.

During all this commotion and fear, CEO David Langevin and management made a couple of big changes to offset the drop in volume and reported a profitable quarter. More importantly, they generated $2.5 million of cash and improved gross margin.

Keep in mind that this is for the period ending March 31st.

Here is an excerpt from the release:

“Chairman and Chief Executive Officer David Langevin commented, “We recognized early on that this would be a difficult period, and we were able to react quickly to dramatically reduce our costs. It is a strength of our organization to be flexible and very responsive to changing circumstances, and this resulted in our remaining profitable and cash flow positive, despite a 40% decrease in sales, as compared to the first quarter of last year. Further, we were able to maintain our approximate 30% market share for the quarter in our main product category while significantly improving our gross margin percentage along with a solid improvement in our operating margin.

Andrew Rooke, Manitex International President and Chief Operating Officer commented, “The swift and deep actions we implemented throughout the business resulted in a resilient performance considering the depth of the market decline in the first quarter. Excluding restructuring costs of $0.1 million, we reported net income of $0.2 million. We were able to improve our gross profit margin by 530 basis points over the fourth quarter of 2008 through reducing our manufacturing expenses by 37% to align with the lower levels of demand and maintain our production efficiencies. R&D and SG&A expense, excluding restructuring costs, also subject to management actions, was $1.3 million, or 35% lower than the first quarter of 2008 and the fourth quarter of 2008. We continue to focus on cash flow through building to confirmed orders, and were able to reduce operating working capital in the quarter by $3.6 million and generate cash flow from operations of $2.5 million. Our continued inventory management with the cooperation of suppliers will start to generate cash flow during the balance of 2009.”

A few weeks later, the company announced $7 million bucks in new orders, including a $2 million dollar forklift order from the military.

By itself, this is a great accomplishment and press release. When you are trading at a $9 million dollar market cap, the order becomes magical.

However, some people have good reason to be apprehensive with the stock.

The company does have approximately $25 million in debt.

But it also has $33 million in current assets.

If one was to take all assets (excluding goodwill), the number would be $65 million. Subtract total liabilities ($43) from the assets, and you have $22 million left.

One can argue (fairly well) that the current stock price of .81 cents (or $8.78 million) does not fully reflect the value of the business or the guys in charge.

My personal opinion is that the company’s valuation right now does not even closely reflect liquidation!

But please, do your own diligence and see what you come up with.

For full disclosure, we own shares.

CL"

[IchEmpfehleSembCorp]

Kurs verdoppelt seit Threaderöffnung

[Biobrandschutz]

Antwort auf Beitrag Nr.: 37.734.502 von IchEmpfehleSembCorp am 07.08.09 17:23:46

Das Kurspotenzial scheint damit noch nicht ausgereizt zu sein.

Gruß Bio

[IchEmpfehleSembCorp]

Antwort auf Beitrag Nr.: 37.734.502 von IchEmpfehleSembCorp am 07.08.09 17:23:46

Etwas mehr als 100% Gewinn bei 1,72 USD realisiert (ich hoffe, es war mal wieder nicht zu früh)...
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... und umgeschichtet in CardioNet (Nasdaq: BEAT) bei 6,99 USD, für die ich in Kürze einen Thread aufmachen werde (es sei denn, jemand übernimmt das für mich).

[Mackhack]

Geht hier noch was???