WNC - The Manitowoc Company Deserves To Rise From Here
2024-02-25 05:53:52 ET
Summary
- Value investing involves buying stocks at a low price during market downturns, with the expectation of a future recovery.
- The Manitowoc Company, a producer of equipment like cranes, experienced a decline in revenue and orders in 2023.
- Despite weak leading indicators, management expects global demand for mobile cranes to remain strong, and the stock is still attractively priced compared to similar firms.
In a sense, value investing is very much about being a contrarian. During difficult times, the market reacts by pushing shares of businesses down. The very investor, in cases where the downturn is almost certainly temporary, swoops in and buys up the stock at a rather cheap price. The end result, if all goes well, is an eventual recovery that should lead to meaningful upside in the price of units. In an ideal world, investors would not need to wait very long for this to play out. But unfortunately, the world is not perfect. Sometimes, additional patience is required in order for a play to turn out well....
The Manitowoc Company Deserves To Rise From Here