Opinions
Gordon Reid
Crane Co.
CR-N
TOP PICK
Oct 24, 2012
$42.300
Stock price when the opinion was issued
management
diversified
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COMMENT
Looked at this about a year ago. The company has done well and is not ridiculously expensive. A great, long term industrial. He passed on this because they have an old asbestos liability. Asbestos liabilities have caused serious legal problems leading to massive damage suits in the US, which has killed a couple of companies. With that kind of risk, he passed on this.
management
diversified
Diversified manufacturer. Make everything from fluid control systems to brake systems and vending machines. Has a great set of metrics. 8% free cash flow yield. Good dividend. Trading at a little less than 10X earnings with good growth prospects.