mikehunt: I can't argue with hardly anything that you said in this post, particularly the need to understand financial statments. For most investors this is a lost art. What do your methods and analysis tell you about NPK? Since you are writing on NPK's board, I assume you own the stock, or are you short? Temporarily, I forgive you for knocking $1 off the price of the stock because I have an offer in to buy at $25. Please drive it down there and fill my order.