Thinking about water (post immediately below) got me thinking about infrastructure. Here's Terex.
Well-Equipped for the Long Run
IN LITTLE MORE THAN A decade, upstart Terex has gone from nowhere to become the world's No. 3 construction-equipment company, behind Caterpillar (ticker: CAT) and Japan's Komatsu (6301.Japan).
Terex is the second-largest maker of aerial work platforms, with its Genie brand, and it's a leading producer of cranes and mining equipment. Under the 13-year tenure of CEO Ron DeFeo, Terex has built on a series of shrewd acquisitions, and its shares have posted a more than 20-fold gain.
BULLS SEE AN OPPORTUNITY in Terex, since the stock (TEX) has fallen precipitously since reaching a peak price of 96 in July. ...
From Barron's via Notable Calls:
Terex (TEX), now around 54, could hit 80 in a yr. If it becomes a takeover candidate, a winning bid might reach $100 a share. "Terex is absurdly cheap vs its peers," says Robert Marcin, of Defiance Asset Mgmt.