Chromcraft Revington (AMEX:CRC) has filed its 10K for the period ended December 31, 2008. We initiated the position in CRC in December last year (see the post archive here) because it was trading at a substantial discount to its liquidation value and a substantial stockholder had called for its sale or orderly liquidation. Aldebaran Capital, [...]
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Chromcraft Revington (AMEX:CRC)
Posted in Activist Investors, Aldebran Capital, Chromcraft Revington (AMEX:CRC), Net Cash Stocks, Net Net Stocks, Stocks, tagged distressed investing, Liquidating Value, Net Current Asset Value, Net Net Stock, Net Quick Value on December 9, 2008 | 1 Comment »
Chromcraft Revington (AMEX:CRC) is a tiny, AMEX-listed net-net stock with a substantial stockholder calling for its sale or orderly liquidation. CRC has a market capitalization of only $2.8M, but the company’s written-down net current asset value is much higher at around $15M. The only problem? The company is in a liquidity crisis and risks entering [...]

