Market Tanks further, IHNOW buys Crown Holdings

In last week's news... the market tanks further and IHNOW buys Crown Holdings, CCK, based in Phildelphia.

"Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s primary products include steel and aluminum cans for food, beverage, household and other consumer products, and metal caps and closures. These products are manufactured in the Company’s plants both within and outside the United States, and are sold through the Company’s sales organization to the soft drink, food, citrus, brewing, household products, personal care and various other industries" from google finance

The IHNOW portfolio has taken a hit in the tumbling stock market but is diversified in mostly strong companies with an anchor or significant relation to the Philly region; and we have confidence, albeit less solid than we would like, that these companies' true higher values will be recognized once the economy turns around