|6/28/12||TEX Catchup 6/28: Sidera, OCG, Colo Atl, Hibernia Atlantic, ViaWest (Telecom Ramblings)|
I had a great time at yesterday's Telecom Exchange event in Manhattan, congrats to Jaymie Scotto & Associates for another awsome event! Now it's time to catch up on a bit of the news issued there that I didn't get to yet, which was focused on colo or connectivity to colo. [company id="sidera"] continued its datacenter [...]
|2/17/12||(TEX) Terex Tops Estimates (Stock Blog Hub)|
Terex Corp. (TEX) reported fourth quarter adjusted EPS of 26 cents, versus 20 cents in the year-ago quarter. The EPS was a penny ahead of the Zacks Consensus Estimate. Excluding the special items in both periods; Terex reported a loss per share of 3 cents in the quarter compared with a loss per share of 30 [...]
|10/24/11||Terex Earnings Estimate $TEX (Robert Weinstein Trading Blog)|
Earnings Overview for Terex Corporation (TEX) By Robert Weinstein Terex Corporation (TEX) is anticipated to report earnings after the closing bell on October 26, 2011. TEX trades an average of 4 million shares per day. Terex Corporation manufactures and markets machinery products, equipment, and related replacement parts and components for construction, quarrying, mining, shipping, transportation, refining, energy, [...]
|7/5/11||(TEX) Terex Fulfills Minimum Tender Offer (Stock Blog Hub)|
Terex Corp. (TEX) recently announced that the company has successfully achieved the minimum tender condition for Demag Cranes. The company offered €45.50 per share to Demag shareholders, which has exceeded the minimum requirement of 51%. Terex Industrial Holding AG offered a price of €45.50 per share, representing an approximately 25% premium on the closing share price [...]
|6/22/11||(TEX) Terex Bid Adequate – Demag Cranes Agrees (Stock Blog Hub)|
Terex Corp. (TEX) is now in the process of acquiring Demag Cranes for $1.4 billion. After agreeing to Terex’s bid of 45.50 euros per share in cash, up from 41.75 euros, last week, Demag has agreed to be taken over by Terex. The offer values Demag at 963 million euros (approximately $1.4 billion), which according [...]
|6/20/11||(TEX) Terex Ups Order – Demag Nods (Stock Blog Hub)|
Terex Corp’s (TEX) takeover story of Demag Cranes AG took a positive turn with Terex upping its offer from 41.75 euros to 45.50 euros per share and both the parties signing an agreement foreshadowing future plans. Demag’s board has agreed to recommend the company’s shareholders to accept the improved offer. The new offer is however subject [...]
|2/17/11||NYSE Gainers on Insider Buying: (AN, AMD, TEX, EK, MF) (Penny Stock DD)|
AutoNation, Inc. (NYSE:AN) reported the gain of 4.87% and closed at $34.87 whereas overall traded volume stood at 1.42 million shares for the day. Its price to earnings ratio stands at 23.72 times till its last trading session. The current market price is 20.89% more than its last 50 days simple moving average. Advanced Micro [...]
|2/15/11||NYSE Movements on Insider Buying: (TEX, FLO, DOV, BSX, PFE) (Penny Stock DD)|
Terex Corporation (NYSE:TEX) moved up by 2.57% and closed at $37.50 whereas overall traded volume stood at 2.12 million shares for the day as compare to its average volume stood at 2.05 million shares. The share price is highly reactive to market index as its beta value stands at 2.47 times till its last trading [...]
|10/21/10||Standpoint Research Downgrades Terex (TEX) (Benzinga)|
Standpoint Research has downgraded shares of Terex (NYSE: TEX) from Buy to Sell. The company released its earnings this morning prior to the opening bell. Terex announced an EPS loss of $0.34 per share on revenue of $1.08 billion. This compared to estimates which called for an EPS loss of $0.15 on $1.13 billion. During today's trading session, TEX shares have lost 6.10% to $23.25. Terex Corporation is a global equipment manufacturer of a range of products. It focuses on delivering a...
|10/21/10||Puts Purchased on Terex Corporation (TEX) (Benzinga)|
Shares of Terex Corporation (NYSE: TEX) are moving lower this morning by 6.06%, trading at $23.26. The stock has been trading largely higher over the past four months and is currently trending above the 50-day and 200-day moving averages. With today's pullback, a retest of (at least) the 50-day seems in the cards. Options traders are coming after puts today. A short while ago the November $24.00 put was purchased 1,300 times, on the offer, on open interest of 1,740 contracts and the...
|10/21/10||Terex Down Sharply After Earnings Miss (TEX) (Benzinga)|
Shares of Terex Corporation (NYSE: TEX) are down sharply this morning, after the machinery company reported much worse than expected earnings last night. Last night after the close of trading, Terex reported a loss of 82 cents, far worse than the estimate Wall Street was expecting. Wall Street expected Terex to lose 15 cents. Revenues also fell short, as the company reported quarterly sales of $1.08 billion, less than the $1.13 billion estimate. "We had a number of early September order...
|10/8/10||Goldman More Constructive on Terex Outlook (Benzinga)|
Goldman Sachs is more constructive on Terex's (NYSE: TEX) outlook for Aerial Work Platform demand as recent rental channel checks point to lengthening order lead times, a sharper recovery in utilization, rental rates, and used equipment prices borne of sharp 2009 de-fleeting actions. Rental company returns on capital are coincident with the Access Equipment capex cycle, and with equipment rental stocks discounting 20%+ EBITDA growth in 2011, Goldman expects constructive capex budget data...
|10/5/10||Terex Corporation Announces Credit Agreement Amendment (TEX) (Benzinga)|
Terex Corporation (NYSE: TEX) announced today that it has entered into an amendment to its bank credit facility. The Company previously announced on September 24, 2010 its intention to pursue an amendment to its bank credit facility. The amendment permits Terex to make par offers for its 10-7/8% senior notes due 2016 and its 7-3/8% senior subordinated notes due 2014 in accordance with the governing indentures and to redeem or repurchase debt if the minimum liquidity of the Company is...
|9/27/10||S&P Downgrades TEREX (TEX) From Buy to Hold (Benzinga)|
S&P Downgraded heavy equipment maker, TEREX (NYSE: TEX) From Buy to Hold, Friday. The downgrade was based on S&P's fear that Terex might attempt an acquisition after Terex amended its credit agreement with its bank. They kept the price target at $24. TEX is currently trading at $22.67 Here are a few quotes from the report: “Terex announces that it was looking to amend its credit agreement to allow for greater ability to repay debt and make acquisitions. We find this repositioning...
|7/19/10||DARK HORSE HEDGE’s portfolio and new short, TEX (Phil's Favorites)|
DARK HORSE HEDGE’s portfolio and new short By Scott at Sabrient and Ilene at PSW SHORT Terex Corp. (TEX) at the Open Monday 7/19. Previously initiated positions (click on the ticker for Sabrient’s report). Longs (opening prices): Western Digital Corp., WDC long at $31.90 on July 13 Xyratex Ltd, XRTX, long at $14.64 on July 1 Telecom Argentina S.A., TEO, long at $16.38 on July 1 Shorts (opening prices): Apartment Investment and Management...
|1/4/10||Bucyrus’ Acquisition of Terex’s Mining Business Makes It the Largest Player in Mining Equipment (HedgeAnalyst)|
RiskThe largest risk Bucyrus faces is its dependence on highlycyclical commodity prices, as drops in commodity valuescan cause demand for new equipment to evaporate. Inaddition, the company's top five customers account for asignificant portion of overall sales--cutbacks by thesecustomers could materially hurt Bucyrus' top line. Theexpensive and long-lived nature of the company's productscould also pressure [...]
|12/31/09||Eric Mindich's Eton Park Capital Adds To A Position (market folly)|
As per a 13G just filed with the SEC, Eric Mindich's hedge fund firm Eton Park Capital has disclosed a 6.24% stake in Terex (TEX). The filing was made due to activity on December 21st and they now own 6,750,000 shares. This is a 25.5% increase in their position as they previously owned 5,375,000 shares back on September 30th. Over the course of the past three months, they've added 1,375,000 more shares. In terms of other recent portfolio moves, we saw in October that Eton Park had filed a...
|12/30/09||(TEX) Terex Corporation – Bear of the Day (Stock Blog Hub)|
Terex Corporation (TEX) is witnessing declining unit volumes across the board since the second half of 2008, due primarily to deterioration of the North American and European economies. The company expects 2009 net sales to decline by approximately 50% compared to 2008 due to weak global end-markets and constrained credit availability worldwide. Despite its efforts to [...]
|12/29/09||(TEX) Terex Corporation to Underperform Market (Stock Blog Hub)|
Terex Corp. (TEX) is a multinational manufacturer of a broad range of equipment, primarily for the construction, infrastructure and surface mining industries. The company has been witnessing sharp decline in volumes across the board since the second half of 2008, primarily due to deterioration of the North American and European economies. It expects 2009 net sales [...]
|12/22/09||(TEX) Terex Corporation to Sell Mining Business to Bucyrus International (Stock Blog Hub)|
Construction and mining equipment manufacturer Terex Corporation (TEX) has agreed to sell its mining business to Bucyrus International Inc. (BUCY) for $1.3 billion in cash. As a part of this transaction, Terex will divest hydraulic mining excavators, electric drive mining trucks, track and rotary blasthole drills, and the highwall miner as well as related parts and [...]
|12/22/09||More Color on the Terex (TEX) - Bucyrus (BUCY) Deal (Fund my Mutual Fund)|
One must always be cautious when analyzing any sort of deals, purchases, or mergers because if you listen to CEOs every deal done in the history of man has been a "win". That said, the more I look at the Bucyrus (BUCY) - Terex (TEX) deal the more this one is appealing for both sides; for different reasons. Terex (TEX) was one of those companies who lived off the building mania happening in places like Dubai and China i.e. the joke a few years ago was what is the most popular bird in...
|12/21/09||Bucyrus (BUCY) Buys Mining Assets of Terex (TEX) (Fund my Mutual Fund)|
You know bulls are in complete control when in an asset purchase, BOTH companies rise.... We had just discussed the company most like Bucyrus (BUCY) - Joy Global (JOYG) last week [Dec 16, 2009: Joy Global Earnings Report Always Worth a Read] and today we have news on the former. Via Reuters: Shares of heavy machinery makers Bucyrus International Inc (BUCY) and Terex Corp (TEX) both rose Monday, a day after the companies said Bucyrus would pay $1.3 billion for Terex's mining...
|10/27/09||(TEX) Terex Corporation Reported Wider-Than-Expected Net Loss (Stock Blog Hub)|
Construction and mining equipment manufacturer Terex Corporation (TEX) announced its third quarter results recently. The company reported wider-than-expected net loss for the quarter. Terex posted a net loss of 77 cents per share, compared to the Zacks Consensus Estimate of a net loss of 33 cents. Profits in the Cranes and Materials Processing & Mining segments [...]
|8/28/09||(CAT) Caterpillar & Terex Win Defense Logistic Agency Deals (Stock Blog Hub)|
The construction and equipment manufacturers Caterpillar Inc. (CAT) and Terex Corp. (TEX) received contracts from the Defense Logistic Agency this week. The Pentagon announced that Terex received a $5.6 million contract from the agency for a rock crusher jaw plant, while Caterpillar received two contracts, one for providing adverse terrain forklifts and the other for dump [...]
|2/12/09||Terex (TEX) Warns of Losses, Job Cuts, and Covenants; NetApp (NTAP) Reminds us "Tech is a Great P... (Fund my Mutual Fund)|
Speaking of earnings reports that speak to the true state of the economy... it looks like the Obamaconomy is coming too late for Terex (TEX). Last time we looked at it, it was a $50 stock that warned and fell 20% [Sep 4, 2008: Terex, IBM - Be Careful What you Wish For] Terex (TEX) is not a company I follow that closely but have it out there with 1 eye as a "global construction" play. Down close to 20% today as the market takes another sacrifice. I think this will be a "preview" of what to...
|9/17/08||Watch CAT on the Short Side! (LongShortTrader)|
I'm watching for an opportunity to get short Caterpillar (CAT) in the near term. Reuters is running a story that CDS spreads on CAT's financing arm are widening. Given my serious concerns about a global slowdown, the recent blowup by Terex (TEX) and the strong performance of the US dollar in the third quarter, I think the prospect of this story catching fire could lead to a downward move in the stock. And remember, CAT may be a cheap stock, but it won't be cheap for long if earnings...
|1/15/08||When Is A Lot of Cash A Bad Thing? (Dividends Value)|
A November 2007 article in CFO titled "The Cash Trap" had a lot of information that a dividend investor would find interesting. The article takes a case study approach and looks at Terex, a S&P 500 company. Terex's total shareholder return (TSR) ranks sixth in the S&P 500 (excluding financial institutions) over the past five [...]