CR - Crane Company: The 'Midnight Special' Of Mini-Conglomerates
In 1962, Harry Belafonte released a traditional country-blues song, “Midnight Special”. Known for his calypso and Caribbean sound, this particular song, also the title of his fourteenth album, incorporates another intriguing and unlikely milestone in music history. The unlikely musical talent gathered for this version of an old prison tune is as differing as the various businesses of mini-conglomerate Crane Company (CR). The conglomerate’s concept is to operate different businesses in uncorrelated sectors in order to offer market and investment diversification.
Source: Crane Company
Mid-cap value firm Crane is a great example of