×

Prop Desk: Two Turnaround Stories

Guy Adami and Karen Finerman are closely watching two stocks that are starting to look like turnaround stories.

Ingersoll Rand

Last year they bought the Trane HVAC business, explains Karen Finerman. In other words, at the worst possible time, they transformed their company into a firm that is dependent on commercial construction.

It's no surprise that since the acquistion they've been suffering.

However, they’ve recently been able to refinance their debt and it looks like the construction market is starting to come back.

As a result I have the stock on my radar but I’m not be a buyer yet, she says.

Manitowoc

At $7.50 it’s worth the bet that the company is going to turn around, counsels Guy Adami.

Symbol
Price
 
Change
%Change
MTW
---

______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com.

Trader disclosure: On Sept. 8th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (EOG), (AAPL), (WFT), (SU); Terranova Owns December Gold Futures; Terranova Works For (VRTS); Finerman's Firm Owns (BAC) Preferred Shares, Finerman Owns (BAC) Preferred Shares And Owns (BAC); Finerman Owns (PDE), (RIG); Finerman's Firm Owns (WFC) Preferred Shares And Is Short (WFC), Finerman Owns (WFC) Preferred Shares

Finerman's Firm Owns (WMT), (RIG), (MSFT), (NOK), (PBR), (PDE), (TGT), (BDX); Finerman's Firm Is Short (USO), (IJR), (IYR), (MDY), (SPY), (IWM); Najarian Owns (ENER) Calls; Najarian Owns (AAPL) & Short (AAPL) Calls; Najarian Owns (BAC) & Short (BAC) Calls; Najarian OWns (C) Calls; Najarian Owns (FCX), Owns (FCX) Put, Is Short (FCX) Calls; Najarian Owns (JPM) & Is Short (JPM) Calls; Najarian Owns (JOYG) & Short (JOYG) Calls; Najarian Owns (MS) And Is Short (MS) Call; Najarian Owns (MSFT) And Is Short (MSFT) Call; Najarian Owns (MOS) Call Spread; Najarian Owns (PALM) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (TEVA); Najarian Owns (V) & Short (V) Calls; Najarian Owns (YHOO) Calls

GE is the parent company of CNBC

For Tom Gallagher
(AIG) Is a client of Credit Suisse
Credit Suisse provided Investment banking services to (AIG)
Credit Suisse has managed or co-managed a public offering of (AIG)
Creidt Suisse expects to receive compensation from (AIG)

For Mike Abramsky
RBC Makes a Market in Shares of (AAPL)
RBC Has Received compensation from (AAPL)
RBC Is Currently providing (AAPL) with non-investment banking services