The market for cranes in North America seems to be coming back nicely after a difficult trough cycle brought on by the sudden downturn in the energy sector, but Manitex (MNTX) have flattened out some – while the stock is up a healthy 50%-plus over the past year, it’s basically flat since the time of my last write-up on the company. In that time, Manitex reported restated financials and continued to see good demand and order growth in its core crane operations.
Manitex shares still look somewhat undervalued on discounted cash flow and potentially more exciting on EV/EBITDA,....More>>>