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Crystal Rock Holdings, Inc. Message Board

  • longterm90 Dec 13, 2012 4:51 AM Flag

    Insider buying

    AB VAlue Mgt now has 2.211 million shares.

    Sentiment: Buy

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    • longterm90 Dec 14, 2012 5:34 PM Flag

      Another form 4 today.

      • 1 Reply to longterm90
      • Hi Guys, I thought I'd add 2 cents. I sold most of my shares in April.
        I kept a small position, as an excuse to keep an eye on CRVP.
        At my age. I don't even buy green bananas anymore. Watching
        CRVP day to day, was not giving me much excitement.
        To respond to "why the B-bros. have not taken the company private?"
        They don't have to. They keep a higher profile an greater access
        to the capital markets by maintaining current status quo.
        Effectively with over 55% ownership, the owner majority could exercise
        a buyout at anytime without any premium to the current shareprice.
        This is why I sold most of my shares. The Bakers cap the upside
        with their majority stake, and the downside if we slip back into recession
        would be dramatic because CRVP is so illiquid. CRVP is a trading
        stock that you buy, and quickly sell into a volume spike. It is not
        a buy, and hold. Time has proven that the only ones making money
        on CRVP is the Bakers who fund the expansion and finance the
        debt at higher than market interest rates. The Bakers hold the debt
        on their own company, and shareholders carry the water.

    • lordcatnip Dec 13, 2012 4:44 PM Flag

      I'm surprised they haven't taken the company private yet.

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