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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (4665)12/11/2017 12:57:23 PM
From: robert b furman  Read Replies (1) | Respond to of 6458
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!!


To: richardred who wrote (4665)2/10/2020 10:29:05 AM
From: richardred  Read Replies (1) | Respond to of 6458
New Buy today on the 52 week low. MTX-Manitowoc- looks over sold to me?