Although it might be hard to say the name, it is not nearly as hard to see why this company is desirable. Manitowoc makes construction and agricultural machinery. It is divided into three sectors as follows: cranes, foodservice equipment, and marine. Additionally, they are a global company, operating in 20 countries and six continents. The international market, especially those of much of Africa, Asia, and Latin America, have not yet gone through population transitions that developed countries have gone through. This leads to a rapidly growing population which requires the building of infrastructure to accommodate it. On July 19, 2007, the Company made its most recent acquisition of Shirke Construction Equipments Pvt. Ltd (Shirke). Manitowoc is in the perfect position to be a large provider to those countries, as well as continuing work in North America and Europe.
Manitowoc also looks very attractive both fundamentally and concerning growth. The stock has seen steady growth in the last 3 years and has not missed earnings since then. It has a below average Price Earnings ratio of 14.84 and has a high Return on Equity of 31.83%. I am looking to get into the stock and would definitely recommend it at its current price of 41.73.
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