CEO Ronald DeFeo

Diversified manufacturer Terex Corp. said Wednesday it fell to a $421.5 million loss in the fourth quarter and said it has already cut or will cut more than 5,000 jobs, including the majority of its temporary work force. The company also provided a dismal revenue outlook for 2009. Shares tumbled $3.22, or 24 percent, to $10.40 in aftermarket electronic trading, having closed earlier up 10 cents at $13.62. The stock, which last May traded as high as $76.25, was hit hard by the global market meltdown, bottoming at $8.97 in November. Terex's loss in the final quarter of 2008 was equivalent to $4.46 a ... Read Full Story

Interview with Chairman/CEO Ronald DeFeo; Terex Aims to Reach $12 Billion in Revenue Through Acquisitions and International Sales Read Full Story

Gene Marcial, Business Week’s Inside Wall Street columnist, believes Terex (TEX) is ready to move much higher. a. The company has been hammered by its link to the construction industry. b. But, Terex is a global manufacturer of a broad range of heavy-duty trucks, mobile cranes, and aerial platforms used mainly in infrastructure construction, such as highway and road-building, and surface mining. And more important, some 70% of Terex’s total 2007 revenues of $9.1 billion was generated outside the U.S., including Asia, the Middle East, and Eastern Europe. c. Once the big institutional investors open their eyes to this fact, they will plow back ... Read Full Story

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