Home » Bear Case Scenario » Bear Case Scenario for Crane $CR, $GE, $UTX, $ABLZF, $HON, $MMM

Bear Case Scenario for Crane $CR, $GE, $UTX, $ABLZF, $HON, $MMM

Crane Company (NYSE:CR) will be reporting earnings shortly. Ponder this Bear Case Scenario as you listen to management’s comments. Asbestos is still rearing its ugly head. Settlements and litigation are still running around $50-60 million per annum. While this is expected to dissipate in the long run it is a short to medium term boat anchor with no clear solution. The Asbestos problem is often valued at $750 million.

George Gutowski writes from a caveat emptor perspective.

Advertisements