WARTIME DISPATCH (CRS)

Due to circumstances beyond our control, today’s letter will be uncharacteristically curt.

Apologies to those who’ve become addicted to our oft-superfluous verbiage.

Carpenter Technology Corp. (NYSE:CRS) makes specialty metals.

But vital statistics for the company reveal a less than iron-clad guarantee for the future.

For instance—

• P/E is a rusty 56.06, while analysts expect that number to shrink to just 13.31 a year from now.  (Price dive, anyone…?)
• Dividend Yield is 1.26%,
• Price to Book is 2.21, and perhaps most importantly…
• EPS have been SHRINKING for the last five years at a rate of 21.93% per annum.

We’re asking the same question.

Recent expanding volumes indicate fairly typical selling into strength as the stock notched new highs.

But judge for yourself.

This is the daily—

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G-d save all good Jews and Noahides from the Satan and his this-worldly agents.

Many happy returns,

Matt McAbby

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