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Crystal Rock Holdings, Inc. Message Board

  • samshickren samshickren Apr 22, 2012 12:48 PM Flag

    Annual meeting

    Is anybody going to the shareholder's meeting and ask why they don't refinance the 13,000,000 dollar loan and save the company a million dollars a year or add about a nickel a share to earnings?

    I wonder why the meeting is in Florida not in Conneticut where the Bakers run Crystal Rock as they alone own it. They even admit to a conflict of interest in their annual report! Us shareholders are of no concern to the Baker Trust.

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    • Sam, You are fundamentally correct in
      your assessment of the Baker family
      interest. While it is preferred to have
      mgmt share skin in the game. 51% control
      leaves the rest of us 2nd class baggage.
      I prefer to look at the technicals.
      The chart is extremely bullish. For the
      first time in 3yrs CRVP (former Vermont
      hldgs) has been able to breakthrough $1
      and hold. Albeit on light volume, we
      also have other reasons for encouragement.
      The new sales team and focus on growth
      going into the peak season for water sales.
      Two yrs ago, the northeast had one of the
      hottest summers on record. This yr's
      looking like a repeat. CRVP costs have
      been lower with nat gas falling. Commodity
      prices of coffee, and fuel show signs of
      stabilizing. Consumers seem to be
      buying more discretionary which will
      help. The next time we breakout, it will
      likely be on an earnings surprise or a
      new customer.
      The catalysts are present, and we are
      already up 40% from Oct 2011.
      crvp has alot of potential and
      the move could be substantial.
      What is good for us, is good for the
      Bakers. I think we are in the second
      leg of an ABC move.

      • 1 Reply to tommccauley31
      • Chart or no chart, check out the public filings ar crvp, especially, the 13d filings this calendar year, then you'll see why the chart looks as promising as it does. As a matter of fact, I started looking at the archives and found some VERY interesting reading. I would like to do some deep research on the Bakers, I have an idea that if we were to connect the dots correctly the picture that we drew we would be appalled by! I believe that the elder Baker is a very slippery fella.

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