July 24, 2008

On Terex

During my usual reading today, I came across three articles on Terex (TEX). The first one is at Seeking Alpha which claims that the stock is a bargain under $50. From the article:

"Give it a PE of 10, it’d be a bargain at $70. Or, by discounting cash flows, it’s easy to make a case for a $90 stock. But no, this one could have been purchased all day long today, at $50."

Then, the Fool has two articles, here and here that briefly mention the company. Most importantly, each articles discloses that the Fool owns shares of the company.

Two independent entities believe the company is undervalued. It may be time to pull the trigger on this one.

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