Terex: Overlooked Bargain

Terex (TEX) sells cranes, among other things.  This is a play on urbanization.  You’ve heard the word before.  It’s this generation's form of the baby boom, sort of.  People all over the planet are moving towards cities.  It started when condos started skyrocketing a decade ago, or so.  They also sell equipment for mining, forestry, roads, and recycling.

They just announced earnings tonight, and beat by a mile.  They reiterated sales targets but warned margins would be hurt by rising steel costs.  They said they were going higher with their own prices to reflect this problem.