Crane Co T.CR

Primary Symbol: CR Alternate Symbol(s): CXT

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 > Probably wise to release any good news asap

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Comment by gonatgasgoon Feb 24, 2021 2:12pm

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Post# 32648768

RE:RE:Probably wise to release any good news asap

Hi BeatTheOdds,

Page 50 of the 2019 Annual Report says:

Subsequent to May 21, 2018, being the third anniversary from the date the Company last obtained approval from shareholders for the continued issuance of common shares from treasury under the RPAP, the Company is no longer eligible to issue common shares from treasury to settle the award value of any newly granted RAs and PAs. The Company remains eligible to settle the award value for any such grants either in cash or in common shares acquired by an independent trustee in the open market for such purposes. Common shares acquired in the open market are held in trust for the potential future settlement of award values and are netted out of share capital, including the cumulative purchase cost, until they are distributed for future settlements. For the year ended December 31, 2019, the trustee purchased 4,783,000 common shares for a total cost of $5.0 million and as at December 31, 2019, holds 4,738,000 common shares in trust.

I do not think they can keep diluting shareholders with their stock options.

I am hoping the Q4 report would talk about land sales if any, and I would like to hear about the pricing they got on their natural gas during the artic vortex. These 5 days may have generated an additional $10 Million in revenue.

We have been lucky in February, we heard from management twice (Feb. 1 and 17). Usually, we do not hear from them.

Frustrating day today, but it should get better.

BeatTheOddsSqua wrote: Cheadle, I agree completely. That why I was proactive in getting the operations update for the 9-5 Pad released ahead of the Reserve Report when I noticed insiders trading with that well information .Since it was released on Feb 1 the share price has moved from $0.77 to $1.00.

I find it a bit frustrating to see shareholders having to do all of this "sleuthing" in order to find out what is actually going on with "our" company.

Why management doesn't keep the shareholders up to date about it's on going drilling activities, or disclose how they will pay for large capital expenditures when the company is top heavy with debt is some what disappointing.

I am unsure if performance awards will include stock options in 2021. I believe that Gonatgo mentioned that Crew had maxed out their share issuance. If not those will be awarded on April 1 I believe. Last year the option strike price was $0.15, coincidentially the lowest share price last year. If management gets to reload once again, then there is not much motivation to move the share price until after April 1.

The company is looking freakin amazing but nobody seems to know about it. The press releases are pretty bland, they have so much value that they could be pointing to, but for some reason they choose not to do so.

Eventually the production and FCF will speak for it's self. An announcement of a significant asset disposition, should also get this share price rolling.

Waiting patiently....