Aggressive · Portfolio Changes

Portfolio Change: Manitowoc Reports Weak Results; CEO Resigns

In light of Manitowoc’s (NYSE: MTW – $ 14.94) continued woes and under-performance, I am removing the shares from the aggressive list today, despite the long-term possibilities that the two independent companies (Food Service and Cranes) being split from the whole will do better as pure plays and under new management. The shares have been a disappointment since entering the portfolio back in March, 2011 and probably should have been replaced long ago. However, I will take the 28.7% loss on the position and move on to better opportunities.

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