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National Presto Industries Inc. Message Board

  • beanbean714 beanbean714 Apr 25, 2003 6:54 PM Flag

    biblioguy

    positive or negative on Monday?

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    • Honestly, I don't give this stock that much thought. It's better than last year, which is a positive, but I have no idea what the stock is going to do. If I had to guess, I think the stock will continue to trade based on the book/cash value here, unless earnings really pop up or down considerably (and I think they'll tend to go up from here on out).

      Biblioguy

      • 1 Reply to biblioguy
      • I pretty much agree. However, I would add that the stock is still selling at or below cash per share and that is too low. Secondly, if you look at it as some of the financial media do, it is a huge thing to go from a loss to a profit. We all know that there some unusual items included in recent periods and there is no logic in how Value Line and Investors Business Daily account for these items. Finally, it looks like the company will be more profitable in the future and this should put some pressure on the "shorts" whose open positions totaled 148,000 shares at last report on Yahoo. My guess is that the stock goes up from here.

 
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