Insider Buying: Kent Cooney Acquires Shares in Chicago Rivet & M
Kent Cooney, a Director at Chicago Rivet & Machine Co (CVR), recently purchased 900 shares, increasing his total ownership to 1,000 shares. This transaction reflects positive insider sentiment, with the company currently trading below its GF Value of $14.10, indicating it might be a "Possible Value Trap, Think Twice." The GF Value is an intrinsic estimate based on historical multiples, past returns, growth, and future performance estimates.
MAY 8·GeneOnline▼
Chicago Rivet & Machine Co. Reports $6.342 Million in Net Sales for First Quarter
Chicago Rivet & Machine Co. announced its first-quarter financial results, reporting net sales of $6,342,000. Despite a gross profit of $1,387,000, the company experienced a net loss of $254,000, leading to a loss of $0.29 per share for the quarter. These figures provide an overview of the company's financial performance during the reported period.
APR 22·Stock Titan▼
Chicago Rivet schedules May 12 meeting after going concern flag
Chicago Rivet & Machine Co. (CVR) announced that its 2026 Annual Meeting of Shareholders will be held on May 12, 2026, and confirmed that its Form 10-K, filed April 3, 2026, includes an audit opinion with a "going concern" qualification from Cherry Bekaert LLP. This announcement clarifies a previous duplicate release and does not alter the company's financial statements or 10-K filing. The "going concern" flag indicates substantial doubt about the company's ability to continue operations, as detailed in Note 11 of the 10-K.
