Ann: Full Year Results - Investor Presentation, page-57

Buybacks to lift SP.

Followed by acquisitions to increase MC to $100M.

Maybe insto CRs to cornerstone to inflate revenue and earnings.

Its a pump and dump over the cycle. We all just got to remember its a cyclical business it will move with the tide.

To me they should be acquiring smaller companies rather than buying too much new equipment. This reduces competition, reduces the amount of second hand stock on sale and slows depreciation.

I remember in previous cycle cranes were on backorder.

Anyway I believe Boom will do well in next 2-3 years but I would not be buying the dip if things head south out 2020.