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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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