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Barnwell Industries is an off-the-beaten path company and clearly thereâs risk here that management and the board do not perform and take a status quo approach. In such a small company, with so many different kinds of businesses as moving parts, thatâs a big concern. But, this is a great candidate for activism.
Cornwell Tools manufactures tools for the automotive and aviation industries. The company is based in Wadsworth, Ohio. Cornwell produces most of their own hard line of tools such as ratchets, sockets, wrenches, pry bars, and chisels at their Albion, Pennsylvania foundry and Mogadore, Ohio machining plants. They also carry allied air, electric, and diagnostic tools, with quality considered to be on par with Craftsman and Harbor Freight.