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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.


NYSE:CR - Post by User

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Post by Cheadle12on Feb 26, 2022 1:58am
379 Views
Post# 34463934

Crew - Catalyst

Crew - Catalyst
The author says it well.. consistently putting on poor hedges, because they have no choice due to the debt.  Once the debt is addressed, they can relax on the hedges and have much higher torque & CF.

Debt matters.. will be a good year for Crew as debt will be paid down.. sell an asset or so & fast track this for the stock to torque up.

The relatively low increase in AFF per $0.50 increase of the gas price is related to Crew’s hedging program. 42% of the anticipated natural gas production in 2022 has already been hedged at a price of just over $3.2/mcf and that will be a ‘drag’ on the torque that could be created when using a higher natural gas price. I’d like to reiterate I’m definitely not against hedging and especially in Crew’s case with a net debt exceeding C$400M it just makes sense to protect a portion of the cash flows.
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