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 > Sell in May and go away

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Comment by gonatgasgoon May 23, 2021 9:44am

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Post# 33255128

RE:Sell in May and go away

The impairment is just for accounting purposes. Nobody cares. It is not like they lost the land, the reserves or the ability to produce.

Oldnagger wrote:

Trouble is that there is no where to go to.
So instead I find myself reading past financial reports.
One very interesting item is the impairments, taken in 2020. $237.5 million in NE BC and $29.8 million in Lloyd. These 2 impairments total about $1.70 per share . IMHO these impairments can probably be reversed at any time.
Remember folks always do your DD twice, before you buy and before you sell.
Hope you are listening Mr. Leach. BTW what is holding up the reversal ? Why was a reversal not made prior to bank credit capacity renewal ? Minority shareholders deserve a fair deal
NVA made their reversal some time ago, which definetly was positive to share price. (Probably as much as the asset sale)
Something is happening here and what it is is not exactly clear !!