Latest news with #Manitowoc
The Sun
6 days ago
- Business
- The Sun
Brazen Walmart ‘thief swipes $500 worth of items with bizarre ticket switching trick at self-checkout'
A WOMAN pulled off a wild ticket-switching stunt at Walmart and walked out with hundreds in goods until surveillance video caught up with her. She racked up 19 visits using the same sneaky trick, cops said. 3 3 The alleged scheme went down in Manitowoc, Wisconsin, roughly 80 miles from Milwaukee. Hailey Wildfong, 38, is now charged with one count of felony retail theft, Seehafer News reported. She's accused of swapping barcodes on merchandise at self-checkout, paying next to nothing for pricier products. A loss prevention employee flagged the strange transactions and showed the footage to police. Walmart's loss prevention team claims Wildfong stole over $500 worth of items in total. The videos reportedly show her scanning swapped tags during nearly 19 separate trips. Wildfong has appeared in court where she was released on her own recognizance and slapped with a $1,000 bond. Court Commissioner Patricia Koppa signed off on the conditions, which include a ban on returning to Walmart. Wildfong's next court appearance is scheduled for June 16. Cops say she is not the only shopper using high-tech checkouts to pull off low-tech scams. How Two Shoppers Stole $141k from Target and Walmart Across 21 States In another case earlier this year, a man named Speedy Gonzalez was arrested in Georgia for ripping off Walmart stores with a trash can trick. The 40-year-old allegedly stuffed pricey products into empty bins, scanned the bins, and walked out with the loot. Gonzalez reportedly stole items like nicotine, diabetic strips, and gum, all while avoiding staff detection. Authorities say Gonzalez pulled the scam off at least 20 times across stores in Georgia. The Gainesville Police Department says they finally caught Gonzalez after a surveillance camera showed him in action. Lieutenant Kevin Holbrook told WAGA that Gonzalez returned to the same store just 10 days later, and police were waiting. Cops searched his car and found stolen items that matched other theft cases across Georgia's Hall, Barrow, Gwinnett, Habersham, White, and Lumpkin counties. Back in 2020, Gonzales was busted for trying to use stolen checks to buy $3,000 in goods at Home Depot, police said. Investigators learned the checks came from a mailbox in Suwanee, just outside of Atlanta. DON'T FORGET FLORIDA Meanwhile, in Florida, another Walmart shopper tried to pull off a grocery version of the scam. Cops say Katherine Gordon used the 'banana trick' to scan cheap fruit barcodes on expensive food. She was able to bag $83 in groceries for a fraction of the price. Walmart has since rolled out smart cameras at some kiosks that track hand movements and check barcode accuracy to prevent future scams. 3
Yahoo
25-05-2025
- Business
- Yahoo
Estimating The Fair Value Of The Manitowoc Company, Inc. (NYSE:MTW)
Using the 2 Stage Free Cash Flow to Equity, Manitowoc Company fair value estimate is US$10.58 Manitowoc Company's US$10.33 share price indicates it is trading at similar levels as its fair value estimate The US$11.05 analyst price target for MTW is 4.4% more than our estimate of fair value In this article we are going to estimate the intrinsic value of The Manitowoc Company, Inc. (NYSE:MTW) by taking the forecast future cash flows of the company and discounting them back to today's value. This will be done using the Discounted Cash Flow (DCF) model. Believe it or not, it's not too difficult to follow, as you'll see from our example! We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Seeing as no analyst estimates of free cash flow are available to us, we have extrapolate the previous free cash flow (FCF) from the company's last reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF ($, Millions) US$27.2m US$28.3m US$29.4m US$30.5m US$31.5m US$32.5m US$33.6m US$34.6m US$35.6m US$36.7m Growth Rate Estimate Source Est @ 4.77% Est @ 4.22% Est @ 3.84% Est @ 3.57% Est @ 3.38% Est @ 3.25% Est @ 3.16% Est @ 3.09% Est @ 3.05% Est @ 3.01% Present Value ($, Millions) Discounted @ 10% US$24.6 US$23.2 US$21.9 US$20.5 US$19.2 US$17.9 US$16.8 US$15.6 US$14.6 US$13.6 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$188m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 10%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$37m× (1 + 2.9%) ÷ (10%– 2.9%) = US$505m Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$505m÷ ( 1 + 10%)10= US$187m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$375m. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of US$10.3, the company appears about fair value at a 2.4% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Manitowoc Company as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 10%, which is based on a levered beta of 1.730. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Manitowoc Company Strength Earnings growth over the past year exceeded the industry. Debt is well covered by cash flow. Weakness Interest payments on debt are not well covered. Opportunity Annual earnings are forecast to grow for the next 3 years. Good value based on P/E ratio and estimated fair value. Threat Annual earnings are forecast to grow slower than the American market. Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Manitowoc Company, we've put together three relevant factors you should further research: Risks: To that end, you should learn about the 2 warning signs we've spotted with Manitowoc Company (including 1 which is significant) . Future Earnings: How does MTW's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
23-05-2025
- Washington Post
A fisherman just discovered a historic shipwreck in Lake Michigan
Christopher Thuss was fishing on a foggy evening near Manitowoc, Wisconsin, when his sonar detected something strange beneath the surface of Lake Michigan. 'I was slowly taking my time going down the shoreline,' said Thuss, 25, adding that he uses sonar to find fish and objects underwater. 'I saw a couple pieces of wood, so I turned my boat to that direction.'
Yahoo
21-05-2025
- Business
- Yahoo
Astec (NASDAQ:ASTE): Strongest Q1 Results from the Construction Machinery Group
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how Astec (NASDAQ:ASTE) and the rest of the construction machinery stocks fared in Q1. Automation that increases efficiencies and connected equipment that collects analyzable data have been trending, creating new sales opportunities for construction machinery companies. On the other hand, construction machinery companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the commercial and residential construction that drives demand for these companies' offerings. The 4 construction machinery stocks we track reported a strong Q1. As a group, revenues missed analysts' consensus estimates by 0.8%. Luckily, construction machinery stocks have performed well with share prices up 25.5% on average since the latest earnings results. Inventing the first ever double-barrel hot-mix asphalt plant, Astec (NASDAQ:ASTE) provides machines and equipment for building roads, processing raw materials, and producing concrete. Astec reported revenues of $329.4 million, up 6.5% year on year. This print exceeded analysts' expectations by 2.8%. Overall, it was a stunning quarter for the company with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. "We are pleased to report another strong quarter in line with our plans to deliver consistency, profitability and growth," said Jaco van der Merwe, Chief Executive Officer. Astec achieved the biggest analyst estimates beat and fastest revenue growth of the whole group. Unsurprisingly, the stock is up 17.8% since reporting and currently trades at $41.54. Is now the time to buy Astec? Access our full analysis of the earnings results here, it's free. Contracted by the United States Navy during WWII, Manitowoc (NYSE:MTW) provides cranes and lifting equipment. Manitowoc reported revenues of $470.9 million, down 4.9% year on year, falling short of analysts' expectations by 2.3%. However, the business still had a strong quarter with a solid beat of analysts' backlog and EBITDA estimates. The market seems happy with the results as the stock is up 38% since reporting. It currently trades at $11.45. Is now the time to buy Manitowoc? Access our full analysis of the earnings results here, it's free. With its iconic yellow machinery working on construction sites, Caterpillar (NYSE:CAT) manufactures construction equipment like bulldozers, excavators, and parts and maintenance services. Caterpillar reported revenues of $14.25 billion, down 9.8% year on year, falling short of analysts' expectations by 2.6%. It was a softer quarter as it posted a miss of analysts' adjusted operating income and EPS estimates. Caterpillar delivered the weakest performance against analyst estimates and slowest revenue growth in the group. Interestingly, the stock is up 13.6% since the results and currently trades at $348.95. Read our full analysis of Caterpillar's results here. With humble beginnings as a dump truck company, Terex (NYSE:TEX) today manufactures lifting and material handling equipment designed to move and hoist heavy goods and materials. Terex reported revenues of $1.23 billion, down 4.9% year on year. This result lagged analysts' expectations by 1.3%. More broadly, it was a satisfactory quarter as it also recorded an impressive beat of analysts' EBITDA estimates. The stock is up 32.7% since reporting and currently trades at $48.23. Read our full, actionable report on Terex here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Fox News
20-05-2025
- General
- Fox News
Fisherman stumbles upon historic shipwreck hidden in plain sight: 'So exciting'
Print Close By Andrea Margolis Published May 20, 2025 A long-lost shipwreck sitting in the waters of Lake Michigan was recently discovered by a fisherman – to the surprise of local officials. The Wisconsin Historical Society announced the discovery on May 16. The tugboat, which was called the J.C. Ames, was built for the lumber trade in 1881. It was intentionally sunk in 1923. The angler, Christopher Thuss, discovered the ship on a foggy day near the coast of Manitowoc, where it was sitting nine feet below the lake's surface. After spotting the shipwreck, he reported the find to officials. ARCHAEOLOGISTS UNCOVER CENTURIES-OLD SHIPWRECK BENEATH HISTORIC CITY: 'UNIQUE SOURCE OF KNOWLEDGE' "These kinds of discoveries are always so exciting because it allows a piece of lost history to resurface," Tamara Thomsen, a maritime archaeologist at the Wisconsin Historical Society, said in a statement. "It sat there for over 100 years and then came back on our radar completely by chance." Thomsen added, "We are grateful that Chris Thuss noticed the wreck and reported it so we can share this story with the Wisconsin communities that this history belongs to." The J.C. Ames cost $50,000 to build. It was "one of the largest and most powerful tugs on the lakes," according to officials. It was damaged in a collision in 1889, but was repaired and changed owners several times before it was discarded. ARCHAEOLOGIST SHEDS NEW LIGHT ON ASTONISHING DISCOVERY OF WRECKED SLAVE SHIPS: 'STRANDED ON THE COAST' Thomsen told Fox News Digital the ship had "outlived its usefulness" by the time that it was intentionally sunk. "Abandoning ships that had outlived their use was how it was done back in the day." "[The ship] was dismantled at Manitowoc with its engine/boiler removed, towed outside the harbor, burned and abandoned in 1923," the historian explained. She added, "Abandoning ships that had outlived their use was how it was done back in the day." Thomsen also noted that it became somewhat of a spectacle for the ships to be set on fire while they were dismantled. "They set fire to them and people came out to watch," the expert said. For more Lifestyle articles, visit Thomsen also estimates that 13 ships were abandoned in the Maritime Bay near Manitowoc. Divers have only been able to locate three, but they're still keeping their eyes peeled for them. "We only find them when they are uncovered by storms if someone sees them before they are covered again – it needs to be perfect timing," she said. The maritime archaeologist also noted that a large propeller, measuring 10.5 feet in diameter, still sits at the shipwreck site. Other than that, only small artifacts were found. CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER The find is especially remarkable because Thuss's step-grandmother garnered a reputation for finding shipwrecks herself, according to the Wisconsin Historical Society. "'Shipwreck Suzze' Johnson, who took up the hobbies of operating a powered parachute and ultralight plane as a retiree, has incredibly discovered a variety of shipwrecks from the air in the recent past, including three shipwrecks in three days in Lake Michigan in 2015," the historical organization said. Last May, the Wisconsin Historical Society identified 11 ancient canoes in a Madison lake, including one boat that dated back to 2500 B.C. CLICK HERE TO GET THE FOX NEWS APP Later that year, the organization announced the discovery of the John Evenson, a tugboat built in 1884 that was also discovered in Lake Michigan. Print Close URL
