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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: richardred who wrote (4555)12/6/2017 9:46:05 PM
From: Glenn Petersen
1 Recommendation   of 6087
 
According to their website, Walter Payton Power Equipment was founded by Sweetness. I suspect that he did not ,run the company on a day-to-day basis.

A bit OT, but I have a friend who at one time was the Chief Financial Officer for Sayers Computer, which was founded by Gale Sayers. Gale actually ran the company day-to-day until he took in a partner. My friend was dating the Warehouse Manager. Dating fellow employees was frowned upon and when the Sayers Computer Christmas party rolled around I was invited as my friend's date (see my book, "My Life as a Beard"). The upshot was that I sat right next to Gale Sayers and spent the better part of an hour an a half talking to him (Football God to mere mortal). A very gracious man. A great guy, an interesting evening. No kiss at the end, unfortunately. My friend's boyfriend was a bit cool the next time I saw him.

I am not familiar with Manitex. I spent some time reviewing their SEC filings. The business is very cyclical. Boom or bust. They took a bit of a hit with their accounting "problem" in early November. It didn't sound too serious.



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To: Glenn Petersen who wrote (4662)12/7/2017 10:27:24 AM
From: richardred
   of 6087
 
OT- Neat story. One of my Football legends is Detroit Lions, Greg Landry. Who, I'm sure you know was QB coach during the Bears SB win. I though he would have been a good Lions head coach.

>I am not familiar with Manitex.

The company was formerly part of Manitowoc.

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To: richardred who wrote (4663)12/7/2017 10:41:04 AM
From: Glenn Petersen
   of 6087
 
I remember Greg Landry well. Unfortunately, he did not join the Bears coaching staff until the year after the SB win..

My friend used to periodically golf with Gale Sayers. He was a total gentleman. It is my understanding that he is in ill health. He is much beloved in Chicago.

Ah, Manitowoc. I am, familiar with them. I should have read Manitek's 10-K more closely. I was focused on the numbers.

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To: Glenn Petersen who wrote (4664)12/7/2017 10:59:37 AM
From: richardred
   of 6087
 
RE- Manitowoc You wouldn't have found it unless you went way back. :+ )

Construction equipment is a favorite topic of mine since I was a kid. Your right the sector is very cyclical. I know I've been saying for years now, but I think the sector is finally become timely.


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From: richardred12/7/2017 11:08:09 AM
   of 6087
 
Re-entered CENTERRA GOLD-CAGDF today.

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To: richardred who wrote (4665)12/11/2017 12:57:23 PM
From: robert b furman
   of 6087
 
Hi Rick.

I live about 20 miles from the Manitowoc compound in Manitowoc - as it transforms into an empty excess facility loaction.

They have announced several years ago the shuttering of the home facility - moving to a south east non union location.

Towering over the facility is now only one super huge crane - over 100 million in cost.

These cranes were designed to be able to support the entire weight of a nuclear plant cooling tower.

Sadly an innovation that was being built just before the Fukushimo nuclear accident in Japan.

Now Manitowoc is a big company, but a couple of hundred million of your working capital being frozen for years is a hurdle I'm sure.

A very good friend of mine was an apprentice for welding at Manitowoc. He learned heavy welding at LTC a trade school that Manitowoc sponsored.

His skill is in high demand and he left even before the announcement of moving came.

I check to see if those cranes tower over the skyline every time I drive by.

Just a note of how huge these cranes are - they are assembled on a pad of concrete 12 feet thick!!

Bob

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To: richardred who wrote (4659)12/11/2017 12:58:21 PM
From: richardred
   of 6087
 
RE-BMS made a very small bet today on some leap calls.

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To: robert b furman who wrote (4667)12/11/2017 1:17:22 PM
From: richardred
   of 6087
 
Good story Bob. MNTX was part of that company a long time ago. I believe it was Carl Icahn that came in to separate the company to get value out. RE- the ice machine business. If I remember right, many of the cranes that company builds are for oil platforms, or maybe that might have been American Hoist? Still infrastructure building should help both companies. I just happen to think mobile cranes is where it's at for a small pure play like MNTX. A restatement of earnings hasn't been released yet, and weighs on the stock.

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From: Paul Senior12/11/2017 3:21:25 PM
   of 6087
 
NXPI. I'll speculate that the takeover of NXPI will get completed and at somewhere between $116 and $135. I up my position a little now.

finance.yahoo.com

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From: richardred12/14/2017 10:43:22 PM
   of 6087
 
Merry Christmas to all who look in. I'll be heading to South Carolina for the holidays. I'll be back after Christmas.

PS. I was there in 1965

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