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.

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Crane Co > Punished for no asset sales / no debt reduction.

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Comment by Beakr123on Aug 05, 2021 1:18pm

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Post# 33655410

RE:RE:RE:Punished for no asset sales / no debt reduction.

Based on the info provided by Cheadle, it seems like Crew is in the process of selling off the Lloyd asset to Westlake. Looking at the AER records the transfer of multiple licenses has been approved back in May however has still not been marked as closed. I dont profess to know exactly what that means but perhaps the negotiations have hit a hurdle and delayed finalizing the sale. I quickly sold most of my position this morning and will take advantage of the drop to buy back in but hopefully we can get positive news soon to create a little excitement.

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