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 > Catalyst

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Comment by gonatgasgoon Feb 25, 2022 9:49am

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Post# 34461146

RE:RE:Catalyst

It is hard for Crew to pay down debt, when they see the results of their drillings.

Net debt was $404M at the end of Sept. 2021

Net debt is likely between $390-395M at the end of Dec. 2021, with the additional drilling they did in Dec.

However, we should start to see results in Q1. I would think net debt could be slightly below $350M at the end of March 2022 depending on the size of their cap ex. We will only find out in early May.

I am still hoping for the line of credit to pay fully paid off at end of Sept. 2022.

Cheadle12 wrote:
It's debt. Better balance sheet = higher market cap aka higher stock price.

Fix this & the stock will rise.

...or don't & be acquired at $4 or less per share.

~TGC.

gonatgasgo wrote: Crew is up about 14% year-to-date. Not too bad, but not great when compared to others ARX (+30%), TOU (+16%), KEL (+10%), PEY (+7%).

What is the catalyst that will make CR lead the pack? We know the production, the capex and debt would be around $250M at the end of the year. Not a lot of unknown except for pricing of natural gas and condensate.

What could be the catalyst, or the good news to make the stock rally?

- A plan for 2023?
- Refinancing the debt, or the plan about paying it down?
- When the debt actually starts to go down?
- Blueberry agreement?

What could be the catalyst? I would like to hear your opinion.