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I bought MTW on Dec 6th. Today MTW is up 9.78% as of this post.

Shares of Manitowoc Inc. (MTW) rose 7% Wednesday after the construction-products maker raised its 2007 earnings outlook and pegged its 2008 profit above Wall Street estimates on strong revenue growth in its crane manufacturing segment. The Manitowoc, Wis., company raised its 2007 earnings estimate to $2.55 to $2.60 a share, from $2.45 to $2.50 a share, and provided initial 2008 per-share estimates of $3.20 to $3.40. Analysts, on average, had expected 2007 earnings of $2.50 a share and 2008 earnings of $3.10 a share, according to Thomson Financial. “The crane industry appears to be in the middle stages of a multi-year up-cycle, supported by improving nonresidential, petrochemical and transportation construction end markets,” Baird said in a note to investors. Baird cited the company’s “huge crane backlog” as enabling Manitowoc’s strong 2008 forecast.

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