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 > Uninvestable.

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Comment by gonatgasgoon Aug 17, 2021 5:14pm

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Post# 33720167

RE:Uninvestable.

When o&g names rebound, CR will lead the rally. However, the market is sending a message that they need to pay down the debt. PEY, another highly leveraged name, got hit hard too.

If CR is uninvestable, better reason to pay down debt, and follow with share buybacks.

Cheadle12 wrote:

I think Crew now needs to be sold to ARX, all stock deal. With this big sell off, it makes the company that much less investable given the huge volatility to the downside of fairly fluffy news.

Only so much capital now in the O&G Industry and what money there is, will flow to better names, with only a small set of retail (and funds) putting their money into high beta names like Crew.

To get back to $2.54, Crew's high point only 6 weeks ago, Crew needs to now move up "60%".

This sell of is by the very definition, uninvestable.

I'd happily convert my shares to ARX, CNQ or TOU now for $2.25 - $2.50 per share with each of the above 3 'small' pull backs. So would expect some capital apprecation there + a nice dividend.

Dissappointed in Dale & Team for not selling an asset when the market was full of enthusiasm. Even NuVista did, Advantage spun up Entropy, Tourmaline have gobbled up many juniors, ARX have merged in VII.. but Crew have done absolutely nothing other than to drill a few well pads.. normal business.

Time for heads to roll there. VP Land should be the first to go, a chronic non-performer for a junior company not acquiring land or doing seismic and certainly doesn't need a VP Land on our payroll.