Chicago Rivet & Machine Co V.CVR.H

Primary Symbol: CVR

Consumer Cyclical Auto Parts

Chicago Rivet & Machine Co. operates in the fastener industry. The Company operates through two segments: fastener and assembly equipment. The fastener segment, which comprises the Company’s wholly-owned subsidiary, H&L Tool Company Inc., and the Company’s fastener operations, which consists of the manufacture and sale of rivets, cold-formed fasteners and parts, and screw machine products. The assembly equipment segment consists primarily of the manufacture of automatic rivet setting machines and parts and tools for such machines. The principal market for the Company’s products is the North American automotive industry. Its Madison Heights, Michigan facility is used entirely in the fastener segment. Its Albia, Iowa facility is used exclusively in the assembly equipment segment. Its Tyrone, Pennsylvania and the Naperville, Illinois facilities are utilized in both segments.

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Chicago Rivet & Machine Co

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Post by Burnermanon Nov 25, 2014 6:22am

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Post# 23160737

Hera

Is there a chance that a joint venture between Hera and Corre could be possible? Hera has leased the Ares facility to assist in oil lakes clean-up. That might tell us that they are a little behind. It might be beneficial for Corre to assist them in this clean-up to prove that Hera can handle the task. This would also put Hera in the top position for the next round of oil lake clean-up tenders. I am just trying to think of what Corre's next step would be.

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Corus reports Q1 profit drop in the face of falling revenue