Most Americans broke away for their three-day Memorial Day weekends, but some were busy running up the score on the diamond and in the box office.Harrison Ford returned to the big screen as Indiana Jones for the first time in nearly two decades. In doing so, he racked up some major league cash. Indiana Jones and the Kingdom of the Crystal Skull brought in a meaty $126 million in the U.S. in its first four days. Not bad for Ford, who is now 65. Meanwhile, on the ball field, my old team the Phillies scored 35 runs in the last two games. They batted around three times in a game in which they pummeled the Colorado Rockies 20-5. That's the second game in a row in which the third-place Philly's bats came to life. On Sunday, they beat up on the Houston Astros 15-6. They are on a serious roll. For today's pick, I am going to join my old club's trend and take Manitowoc ( MTW). Its business lines are diversified and its many units are rolling. And, it's looking to add to its stable. The company recently launched a $2.1 billion takeover bid for Enodis, which supplies cooking equipment, such as refrigerators and cookers, to fast-food restaurants like McDonald's ( MCD) and others. Illinois Tool Works ( ITW) has also been bidding for Enodis. If Manitowoc wins, the acquisition will help it increase its food-equipment sales to more than $2 billion. Either way, this company prints money! With a forward P/E of 10.03, a mind-boggling PEG ratio coming in at 0.28, return on equity at 31.82%, total debt/equity at a minuscule 0.159, cash on hand at a respectable $350 million, Manitowoc posted $156.86 million in free cash-flow. I really like the direction this company is heading. Last month, it said its first-quarter profits jumped nearly 60% as all of its business units saw better sales. The company earned $103 million, or 78 cents a share, when Wall Street analysts were expecting 74 cents a share.
During the same period last year it earned $64.1 million, or 50 cents a share. That's big-league growth. The stock is doing well, yet still trading at a discount. It has easily beaten the S&P during the last year, and the fair value for Manitowoc comes in at approximately $48.00. The stock is trading at $39.01, well off its 52-week high of $51.49. This morning, fresh off the holiday weekend, I will place a limit order to buy 10 contracts of the January $30 DITM calls (VMTAF), using a limit order at $10.20 or better. Please be patient and let it come in. If the order is filled, don't forget to place a good-till-cancel (GTC) sell order $1.00 higher than the fill price so you can grab your $1,000 victory as soon as possible. In other words, if your order is filled at $10.20, you should immediately place a good-till-cancel (GTC) order to sell at $11.20. Always remember: Life is a journey, enjoy the ride! Know What You Own: MTW operates in the farm and construction machinery industry, and some of the other stocks in its field include Terex ( TEX), Caterpillar ( CAT) and Deere ( DE). These stocks closed at $70.68, $81.55 and $80.42, respectively. For more on the value of knowing what you own, visit TheStreet.com's Investing A-to-Z section.