Current Watch List
MTW - Manitowoc
MTW continues to raise estimates saying its crane division could see 20% growth in 2008. Nice rally already so we want to buy on a pullback.
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: $44
Buy 2009 $50 LEAP Call VMT-AJ
MOS - Mosiac Co
Strong rally and I am hoping we see some tax selling once 2008 arrives. Not an energy company but a fertilizer company that could reap a major boost in profits from the new Energy bill and the rise in ethanol production.
The Mosaic Company (Mosaic) is a producer of phosphate and potash combined, as well as nitrogen and animal feed ingredients. The Company operates its business through four business segments: phosphates, potash, offshore and nitrogen. The Phosphates segment operates mines and concentrates plants in Florida that produce phosphate fertilizer and feed phosphate, and concentrates plants in Louisiana that produce phosphate fertilizer. The Potash segment mines ad processes potash in Canada and the United States and sells potash in North America and internationally. The Offshore segment produces and markets fertilizer products and provides other ancillary services to wholesalers, cooperatives, independent retailers, and farmers in South America and the Asia-Pacific regions. The Nitrogen segment consists of its equity investment in Saskferco and Mosaics nitrogen sales and distribution activities.
Breakdown trigger: $75
Buy 2010 $90 LEAP Call LXW-AR