2024-04-26 04:44:11 ET
Summary
- Terex has a business strategy of divesting non-core products and businesses and acquiring new ones, leading to changes in its business profile.
- Despite no revenue growth over the past decade, the company has seen profit growth and improving trends in returns, gross profitability, and capital efficiencies.
- TEX is financially sound, has a track record of creating shareholder value, and offers more than a 30% margin of safety at its current market price.
Investment Thesis
Terex Corporation's ( TEX ) business strategy involves almost annual divestment of non-core products and businesses and acquisitions of new ones. As such, the business profile of the company has changed over the past decade. While this has not led to any revenue growth, there was profit growth....
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Terex: The Market Has Missed This Wonderful Company