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Strategies & Market Trends : Fundamental Value Investing

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To: Spekulatius who wrote (1925)	7/24/2012 11:32:13 AM
From: richardred	1 Recommendation Read Replies (1) of 4719

Well at least Crane raised the dividend 8% on the earnings release which I thought were quite positive. . RE: Asbestos liabilities- Troubling as you pointed out as these things are continuously ongoing. Apparently due to a good percentage outcome of settled and dismissed claims. The company and it's insurers would rather fight claims than reach a general settlement to end all claims. It looks like the company has set up sufficient reserves at least till 2017. Just maybe a potential catalyst if the company and it's insurers can reach an agreement such as Grace did to end all asbestos claims biz.yahoo.com >As a result of its use of asbestos in its products over the past century, Crane is the target of many personal injury claims for asbestos-related health problems. As of December 31, 2007, the company faced 80,999 asbestos liability claims. In 2007, Crane set aside $390 million for predicted asbestos liability costs through 2017, which reflects a $37 million/year expected liability. As asbestos is in many products and asbestos-related health issues only arise many years after exposure, the company remains vulnerable to new claims in the coming years.

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