Terex Corp (NYSE:TEX)
A diversified global manufacturer of capital equipment focuses on delivering reliable, customer relevant solutions for the construction, infrastructure, quarrying, mining, shipping, transportation, refining and utility industries.
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Terex Corp. manufactures capital equipment for construction, infastructure, quarry, mining, shipping transportation, refining , and utilty industries worldwide.
Terex Financial Services is a newly formed business that
offers financing and related services for equipment purchases. Market Cap of 5.5 Billion. YOY earnings growth 67.40%. If you feel that our economy will have a soft landing I believe that this cylce is just the begining.
I own this stock. I would still be a buyer here if we have a pull back in the market.
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mining is hot, mines need trucks
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Demand for construction and mining equipment is booming in the US and abroad, especially China.
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Local businesses supply a great deal of Terexs machined parts. All of these shops and ridiculously busy and there is no expectation for the orders to stop. New fabrication shops have been opened recently to cope with this demand. New prototypes also show some interesting market gains in the near future.
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