DM has gotten into CRNC based on decent reserach..finally...
I have been in for a few days...I saw the run up, let it fall, now holding on for long haul...Man! I sure am loaded up for the long-term, huh! I hope to get into a NICE college LOL
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Dan, RE CRNC
I was introduced to CRNC a while back by Gator. He definitely has a long-term winner in my opinion.
They have literally created what the said: A Conglomerate.
They acquired several companies that I bleive are in FLA..Check me on that one... Anyways, all the companies (3) are profitable, with very high revenues.
These profits and revenues have not been reflected on their 10Ks yet, so obviously the run was temporary. I picked up some of the stock @ 25/32 I think...or some fraction like that...I forget...getting up there in my old age.. :) hehe
Anways, the companies prospects look great. They will be keeping the management in place and the new companies will own high stakes in CRNC...I think around 18% a piece (GATOR???) So, they will definitely want their investments to do good, so they will be rubbing off on CRNC by giving them advice and additional capital if needed I would assume....
Sounds like a great plan with really good fundamentals! The P/E will look very attractive to value players/momentum players like me (I already picked up on it though).
Also, congrats on finally doing some worthwhile research! :)
FM
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