Crane Co T.CR

Primary Symbol: CR Alternate Symbol(s): CXT

Technology Scientific & Technical Instruments

Crane Company is a manufacturer of engineered components for mission-critical applications focused on the aerospace, defense, space and process flow industry end markets. Its segments include Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment is a provider of engineered fluid handling equipment for critical applications. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation). It also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.

NYSE:CR - Post by User

Crane Co

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Comment by Cheadle12on Aug 09, 2020 3:52pm

182 Views

Post# 31384863

RE:RE:Any estimates on what these sale Lands are worth?

The fact that likely none of us even knew that they had these lands ( I didn't & i've studied the company) shows that they have assets in reserve that they can monetize which materially changes the balance sheet position.

On the lowest of the low end, $37M chunks off a lot of debt. It's also .24c a share, which is pretty much the stock price at the moment..and for what, some lands that barely anyone even knew they had.

Be nice if they sell all for $75+M & bring that debt down to $225M.. post infra #2 sale.

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