Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Despite Soft Orders, Crane Looking For Market Recoveries In 2014

Like so many other industrial names, Crane (NYSE:CR) ended up having a pretty good 2013 from a stock performance perspective. Orders weakened around mid-year, leading to three straight book-to-bills below 1.0, but the Street stayed optimistic on the prospect for better sales in 2014, and the benefits to be had from the MEI acquisition. Not unlike many other companies with exposure to fluid handling and aerospace, Crane doesn't jump out as cheap based upon trailing ratios, though the cash flow picture is a little more encouraging.

Closing The Year On An Okay Note

Crane reported 8% revenue growth for the fourth quarter, with core/organic growth of more than 4%. All of the segments reported growth, with the aerospace...

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