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Anybody else notices this one. Let's talk about it. Having little effects from Asia and with low PE & low PEG values, MTW is looking good. Take a look at its chart. It seems to break out soon. According to the company, major business drivers are positive for 1998 and beyond: Based on Manitowoc's current plan and outlook, analysts estimate the company should see a 20-25% earnings gain in 1998. Foodservice chains remain the fastest-growing sector in this industry, taking more business from non-chain operators. This makes the chains the largest buyers of foodservice equipment. These companies prefer to deal with large, broad-line suppliers that offer international sales and support services. Manitowoc fits this description better than any other company in the com-mercial ice-cube machine, beverage dispenser, and walk-in refrigerator/freezer business. Crane sales remain brisk, entering 1998 with a backlog exceeding $149 million. New product introductions will combine with recent product upgrades to provide significant revenue growth. Production capacity will expand to meet additional demand in 1998. This will happen through continued production efficiency and outsourcing - without major capital spending - helping to increase margins. With the world's high-capacity, lattice-boom crawler crane fleet growing older at a faster rate than it is being replaced, future sales will not be totally dependent upon the level of construction projects. Great Lakes shipping remains at record levels. High fleet utilization, combined with the aging fleet of vessels, should increase demand for upgrades to new technology, such as self-unloading capabilities and automation technologies. | ||||||||||||||
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