Intangible Valuation
Value, contrarian, coat tail rider, idiosyncratic research

Rebuttal: Crystal Rock Holdings: Almost 100 Years! (And Counting)

Crystal Rock Holdings (NYSEMKT:CRVP) was recently covered for the first time on SeekingAlpha. While I am glad to see the company covered, we have an alternative interpretation. What's our view? CRVP is cheap due to temporarily depressed earnings. Our estimate of earning power is about $3 million. Over the current market capitalization of $18.4 million, this represents a yield of 16.3%. Our estimate of fair value is a little over $30 million, representing an upside of 63%. Further, we believe downside is limited due to the fact that the controlling family -- the "Baker family group" -- is the largest shareholder and owns half of the corporation's debt. Parts of the company have been under the families control...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details