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MTW $44.40 - Manitowoc

We got a nice -$7 pullback in MTW to trigger our entry at $45. let's hope the selling stops here.

Company info:

The Manitowoc Company, Inc. is a diversified industrial manufacturer in three principal markets: Cranes and Related Products, Foodservice Equipment and Marine. The Crane business designs, manufactures and markets a line of crawler cranes, mobile telescopic cranes, tower cranes and boom trucks. Foodservice business is a manufacturer of cold side commercial foodservice products. It designs, manufactures and markets product lines of ice making machines, walk-in and reach-in refrigerators and freezers, fountain beverage delivery systems and other foodservice refrigeration products. Marine segment provides new construction, shiprepair and maintenance services for freshwater and saltwater vessels from four shipyards. On January 3, 2006, The Manitowoc Company, Inc. acquired ExacTech, Inc. On May 26, 2006, it acquired McCanns Engineering & Mfg. Co. and McCanns de Mexico, S.A. de C.V. In July 2007, it acquired Shirke Construction Equipments Pvt. Ltd.

Breakdown trigger: $45 Hit 01/04

Position: 2009 $50 LEAP Call VMT-AJ @ $7.45


 

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