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Chicago Rivet & Machine Co. Message Board

  • massger97 massger97 Jul 20, 2009 9:51 PM Flag

    new aquisition

    Cvr has made a new aquisition. Somebody on the inside knew about it and decided to make a run on the stock. Too bad we all didn't know about it so we may have profited too. Coldform in Connecticut. Makers of fasteners. What a financially sound company. they got loads of cash thank goodness. It seems the only way for this company to stay afloat is to aquire other businesses while the current goes down hill. All fastener business seems to be headed overseas. Anxious to hear what they paid for it and what it will bring.

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    • Massger97, thanks for the heads up.
      I wonder if CVR will even bother to issue a press release.
      Tried to search for sales volume info on Coldform, Inc and was unable to find anything.
      Their website is locked. Do you have any other relevant information you can share?
      Really doesnt matter how CVR stays afloat in a declining market, as long as they can do it profitably.

 
CVR
26.1712-0.2388(-0.90%)Jul 31 12:19 PMEDT