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.

NYSE:CR - Post by User

Crane Co > My take on the Canoe Energy Fund

<< Previous

Bullboard Posts

Next >>

Comment by gonatgasgoon Jun 20, 2024 8:12pm

144 Views

Post# 36099154

RE:My take on the Canoe Energy Fund

Just a couple of observations.

Rafi is no longer listed as the portfolio manager. It is David... I don't know how involved Rafi is.

Historical performance has been great, with the exception of 2024 where they are behind by double digits.

A very good investment manager will only be right on 60% of the names in the portfolio. The other 40% will under perform.

Since the fund already has a big allocation to Crew, I wonder how much more they can buy.

upinmuskoka1 wrote: I have noticed that Rafi from Canoe Energy Fund has been highly touted on this BB for quite a while now. He apparently owns well over 16 million shares of CREW so that would be slightly over 10%.

I noticed that his first buy was back on February 28 2023 when the CREW hit a low of $4.60 and closed that day at $4.85 with a well above average trading volume of almost 700k shares. Maybe most of them were Rafi taking his opening position. He has also bought consistently every month since then.

CREW closed today at $4.11 Yikes

Since then CREW has hit a high $6.61 and a low of $3.73. My point is that Rafi is a well-respected fund manager and my bet is that he is presently underwater on his CREW investment.

I am not.

So does that make me smarter than Rafi? Not even close. What it does show me is that by owning 10% plus of CREW it will make the Canoe Energy Fund a lot of money……eventually.

I hope he is still buying at these prices and lowering his overall average cost price.