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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.
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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