Added to YB: 2025-06-12
Pitch date: 2025-06-11
CVR [neutral]
Chicago Rivet & Machine Co.
+5.7%
current return
Author Info
Buggy Whip Bargains has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Opinions expressed here are not recommendations or advice. Do your own research. Sign up for the newsletter.
Company Info
Chicago Rivet & Machine Co. operates in the fastener industry in North America. It operates through Fasteners and Assembly Equipment.
Market Cap
$13.5M
Pitch Price
$13.62
Price Target
N/A
Dividend
0.86%
EV/EBITDA
-4.63
P/E
-2.99
EV/Sales
0.50
Sector
Machinery
Category
turnaround
The Deep Value Week – 2025/23 - Chicago Rivet & Machine Co.
CVR (update): Dismissed Crowe LLP as auditor after going concern warning citing revenue declines, operating losses, negative cash flows, and liquidity issues. Material weaknesses in tax controls (fixed June 2024) and inventory valuation (unresolved). No formal disagreements reported. Trading at 0.66x P/TB.
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