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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (33124)	12/26/2008 4:06:35 PM
From: Jurgis Bekepuris	1 Recommendation Read Replies (1) \| Respond to of 78625

Spekulatius, You were right about CRDN before and I was wrong. :) Right now it is a "hold" for me and even that is tenuous. However, like you say, it is very cheap, so I am not selling. I would not buy either though. I bought some at $19 last time it was there. I sold some in July at $40 too, so that's for damage control. ;) OK, let's discuss company and not my investment in it. :) IMHO CRDN is in a tough spot for now. Solar is mostly dead with oil price crash and I would rather bet on oil rebound than to bet on solar recovery. CRDNs semi equip company purchase also does not look good with semis dropping a lot. Aluminum smelting business is still in the future with no assurance that it will ever work out. Bull died. Army orders of XSAPI came in lower and are delayed by competitor protests. It may be that rebids will be lower and some part of contract lost. On the other hand, like you say company is still profitable and the price is cheap. That's why I am still holding. But I am not sure I would advise to buy it right now. Edit: Sorry, forgot to answer your question about the conference call. Here is Motley Fool's take: fool.com IMHO it summarizes the crap pretty well and also raises the question of why management has not made a press release/SEC filling disclosure.

To: Spekulatius who wrote (33124)	2/24/2009 11:34:00 PM
From: Jurgis Bekepuris	Respond to of 78625

CRDN reported Q4 and 2008 results. IMHO, they are pretty good, considering the whole mess with government armor orders. Company is still profitable and cash flow positive over year, even after acquisitions, loss on auction-rate securities and stock buybacks. CRDN is so far maybe the only company which bought more stock last year when it was cheap(er) than in previous years. Most of my holdings did the opposite. So I still like some things about the company and I still hold my position. I would not buy more here though, since IMO all of their businesses: defense, semi equip and solar have serious forward issues. If it was not so cheap, I would sell and I may sell if it goes up to $30 or so. Until then, I think I will just hold.