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

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Comment by gonatgasgoon Oct 01, 2020 8:08pm

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Post# 31655854

RE:From. 43c to .33c in a few weeks.

Cheadle,

With all due respect, you are just looking for a short term trade. Crew is not going to be sold.

If you look at Pony, NuVista and Surge, all 3 of them have their lines of credit used to the max. Also, their hedges were awful. NuVista and Surge lost a ton of money with their hedging in Q2...which does not make any sense. Pony is gone and the other two will have the same happening to them because the banks will pull the plug on them.

Crew is not in the same situation with the line of credit and hedging. To the contrary, the banks were ok letting them drill 7 wells.

If you are looking for a flip, you are looking at the wrong name.

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