Like so many other industrial names, Crane (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.
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Despite Soft Orders, Crane Looking For Market Recoveries In 2014
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