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Definitely the first step in a sale. NMHG, with good market share and low profitability, is a ripe target for an investment bank(think Bain Capital) to come in and gut costs and re-sell at a tidy profit.

Unfortunately, rarely will you get a better product as a result, And a few execs at NACCO will make a nice chunk of change off the sale.

Good luck, everyone.
  • Posted 13 Jul 2012 00:26
  • Modified 13 Jul 2012 00:26 by poster
  • By arminius
  • joined 3 Aug'09 - 29 messages
  • California, United States

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Fact of the week
Brothers Adolf ("Adi") and Rudolf ("Rudi") Dassler split their shoe company after WWII due to a bitter feud, and established the rival companies of Adidas and Puma. Their personal animosity and business rivalry divided their German hometown Herzogenaurach. The town became known as "the town of bent necks" due to the intense loyalty to each brand.