Manitex International (MNTX, Financial) was helped in their deleveraging efforts by Tadano buying 14.9% of their shares in May of this year. After seeing steady growth in market share in straight-mast cranes over the last five years, Manitex management is excited about the opportunities for knuckle boom cranes where their current market share is under 5%. After meeting management a little over a year ago we were very impressed with their plans to turn the business around.
From Jeff Auxier (Trades, Portfolio)'s third-quarter 2018 shareholder commentary.
