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MNTX, ING, PERY, PVTB, ADI, LLTC, Machinery Stocks Undervalued

^{Published on 2011-04-28 06:51:05 - WOPRAI}
 

April 28, 2011/ M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the Machinery sector and these stocks are the most undervalued as of today. MANITEX INTERNATIONAL INC (NASDAQ:MNTX), ING GROEP N.V.-SPONSORED ADR (NYSE:ING), PERRY ELLIS INTERNATIONAL (NASDAQ:PERY), PRIVATEBANCORP INC (NASDAQ:PVTB), ANALOG DEVICES INC (NYSE:ADI), LINEAR TECHNOLOGY CORP (NASDAQ:LLTC) are all expected to go Up as they are Undervalued according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables--the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield--to create a highly accurate reflection of a company's fair value.

The chart below displays the projected Fair Value and Valuation discount/premium of the most undervalued stocks in the highlighted industry group:

     Symbol     Company Name                        Last Close     Fair Value     Valuation                   Industry               
     MNTX       MANITEX INTERNATIONAL INC           $5.87          $7.59          22.70% Undervalued          Machinery              
     ING        ING GROEP N.V.-SPONSORED ADR        $13.10         $16.89         22.40% Undervalued          Insurance              
     PERY       PERRY ELLIS INTERNATIONAL           $29.18         $37.47         22.10% Undervalued          Apparel                
     PVTB       PRIVATEBANCORP INC                  $15.52         $19.89         22.00% Undervalued          Bank                   
     ADI        ANALOG DEVICES INC                  $40.55         $51.88         21.80% Undervalued          Electronic             
     LLTC       LINEAR TECHNOLOGY CORP              $34.98         $44.27         21.00% Undervalued          Electronic             

Here are some of the variables that are utilized when calculating the Fair Market Valuation of a stock: Long-run EPS growth rate, Duration of Business-growth-cycle, Volatility of EPS growth rate, Systematic or beta risk of the firm, Correlation between the firm's EPS and the interest rate environment, EPS growth volatility, Dividend payout ratio, Buffer earnings, Interest rate related criteria: Interest rate (30 year yield) long-run level, Duration of interest rate cycle, Interest rate volatility. The Fair Market Valuation uses 12-month historic and forecasted EPS values and the current 30-year treasury yield as primary determinants. When calculating risk/return values such as the Sharpe ratio, the historic periods used are five years.

Some expected results of the Valuation Model are: the valuation of a stock increases in a declining interest rate environment. Increasing current and/or projected EPS will produce a higher Valuation. While long-term EPS growth would produce a corresponding long-term Valuation increase, concomitant long-term interest rate increases would offset EPS growth and depress the Valuation. The shorter a company's own business cycle, the higher its stock Valuation will be.

MANITEX INTERNATIONAL INC (NASDAQ:MNTX) - Manitex International, Inc. provides engineered lifting solutions. The company operates through two segments, Lifting Equipment and Equipment Distribution. The Lifting Equipment segment designs, manufactures, and distributes boom trucks and crane products that are primarily used for industrial projects, energy exploration, as well as for infrastructure development, including, roads, bridges, and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries. This segment also provides rough terrain forklifts for use in commercial and military applications; special mission oriented vehicles; and other specialized carriers, heavy material handling transporters, and steel mill equipment, as well as offers specialized custom trailers and hauling systems used for transporting heavy equipment. The Equipment Distribution segment distributes rough terrain and truck cranes, material handlers, boom trucks, and sky cranes for infrastructure development and commercial construction; supplies repair parts for various medium to heavy duty construction equipment; and offers repair services. This segment sells its products to end users, including the rental market. Manitex International sells its products primarily in the United States, Canada, Mexico, the Netherlands, the United Arab Emirates, Spain, Russia, Indonesia, Puerto Rico, Turkey, China, and Chile. The company was formerly known as Veri-Tek International, Corp. and changed its name to Manitex International, Inc. in May 2008. Manitex International was founded in 1993 and is based in Bridgeview, Illinois.

ING GROEP N.V.-SPONSORED ADR (NYSE:ING) - ING Groep N.V., a financial services company, provides banking, investment, life insurance, and retirement services worldwide. The company offers wealth accumulation, savings, and mortgage products and services to individuals, and small-and medium-sized businesses, as well as a range of banking products through independent banking agents; and credit products through agents, brokers, and vendors. It provides current account services and payments systems, such as savings accounts, mortgage loans, consumer loans, credit card services, investment products, and life and non-life insurance products, as well as asset management services. The company also provides wealth management services to high net worth individuals. In addition, it offers various financial products, such as mutual funds, e-brokerage, payment accounts, and pensions; and lending, payments and cash management, structured finance, leasing and commercial finance, and financial markets products and services. Further, the company offers life insurance, investments, and retirement services for retail customers; a range of traditional, unit-linked, and variable annuity policies written for individual and group customers; mandatory and voluntary pension funds; fire, motor, disability, transport, and third party liability insurance for individual and commercial/group clients; and disability insurance products and complementary services for employers and self-employed professionals, such as dentists, general practitioners, and lawyers, as well as manages equity, fixed income, and structured investments for institutional investors and private label investment funds. As of December 31, 2009, ING Groep N.V. had approximately 250 retail banking branches in the Netherlands; 800 in Belgium; 430 in Poland/central Europe; and 460 in Asia. The company was founded in 1991 and is based in Amsterdam, the Netherlands. ING Groep NV operates as a subsidiary of Stichting ING Aandelen.

PERRY ELLIS INTERNATIONAL (NASDAQ:PERY) - Perry Ellis International, Inc. engages in designing, sourcing, marketing, and licensing apparel products for men and women in the United States and internationally. The companys mens wear offerings include casual sportswear and bottoms, dress shirts and pants, jeans wear, golf apparel, sweaters, sports apparel, swimwear and swim accessories, active wear, outerwear, and leather accessories. Its womens wear offerings comprise dresses, sportswear, swimwear, and swim accessories. The company offers its products under Perry Ellis, Axis, Tricots St. Raphael, Jantzen, John Henry, Cubavera, the Havanera Co., Centro, Solero, Natural Issue, Munsingwear, Grand Slam, Original Penguin, Mondo di Marco, Redsand, Pro Player, Manhattan, Axist, Savane, Farah, Gotcha, Girl Star, MCD, Laundry by Shelli Segal, and C&C California brand names. It also licenses the Nike brand for swimwear and swimwear accessories; the JAG brand for mens and womens swimwear and cover-ups; the Callaway Golf and Top-Flite brands for golf apparel; the PGA TOUR brand, including Champions Tour for golf apparel; and Pierre Cardin for mens sportswear. The company distributes its products primarily to wholesale customers, including department stores, national and regional chain stores, mass merchants, specialty stores, sporting goods stores, ecommerce, and the corporate wear market, as well as to clubs and independent retailers. As of March 1, 2010, it operated 41 Perry Ellis retail outlet stores located primarily in upscale retail outlet malls in the United States and Puerto Rico; 8 Original Penguin retail stores located in upscale demographic markets in the United States; and 1 Cubavera retail store in Miami, Florida. The company was formerly known as Supreme International Corporation and changed its name to Perry Ellis International, Inc. in June 1999. Perry Ellis International was founded in 1967 and is based in Miami, Florida.

PRIVATEBANCORP INC (NASDAQ:PVTB) - PrivateBancorp, Inc., through its subsidiaries, provides various business and personal financial services to middle-market commercial and commercial real estate companies, business owners, executives, entrepreneurs, and families in the United States. It offers a range of deposit and lending products comprising lines of credit for working capital, term loans for equipment and other investment purposes, letters of credit, and treasury management and corporate liquidity products. The company also provides wealth management services comprising investment management, personal trust, guardianship, estate administration, custody, retirement account administration, and brokerage services. In addition, PrivateBancorp provides mortgage loans. As of December 31, 2009, it operated 23 offices in Atlanta, Chicago, Cleveland, Denver, Des Moines, Detroit, Kansas City, Milwaukee, Minneapolis, and St. Louis metropolitan areas. The company was founded in 1989 and is headquartered in Chicago, Illinois.

ANALOG DEVICES INC (NYSE:ADI) - Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits used in industrial, communication, computer, and consumer applications. The companys products convert real-world phenomena, such as light, sound, temperature, motion, and pressure into electrical signals. Its products are used in a range of electronic equipment, including industrial process controls, factory automation systems, instrumentation products, energy management systems, defense electronics, automobiles, medical imaging equipment, portable wireless communication devices, cellular base stations, central office networking equipment, computers, digital cameras, and digital televisions. The company sells its products worldwide through direct sales force, third-party distributors, and independent sales representatives, as well as through its Web site. Analog Devices, Inc. was founded in 1965 and is headquartered in Norwood, Massachusetts.

LINEAR TECHNOLOGY CORP (NASDAQ:LLTC) - Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets a line of linear integrated circuits. The company's products include amplifiers, comparators, voltage regulators, voltage references, monolithic filters, linear regulators, DC-DC converters, power over Ethernet controllers, battery chargers, data converters, communications interface circuits, RF signal conditioning circuits, Module products, and other analog functions. Linear Technology Corporation also offers other linear circuits, which comprise buffers, battery monitors, motor controllers, hot swap circuits, comparators, sample-and-hold devices, drivers, and filters which are used to limit and/or manipulate signals in various applications, such as cellular telephones, base stations, navigation systems, and industrial applications. Its products are used in various applications, including telecommunications; cellular telephones; networking products, such as optical switches; tablet, notebook, and desktop computers; computer peripherals; video/multimedia; industrial instrumentation; security monitoring devices; high-end consumer products comprising digital cameras and global positioning systems; complex medical devices; automotive electronics; factory automation; process control; and military, space, and other harsh environment systems. The company markets its products worldwide to original equipment manufacturer primarily through direct sales staff and through electronics distributors. Linear Technology Corporation was founded in 1981 and is based in Milpitas, California.

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