no slapps: You sure seem to have a hard time understanding the situation of taxes when a corporation is controlled by one person or a family. Both the corporation and its owners are taxpayers. If the corporations income is not distributed to its owners, the corporation only pays taxes. But the shareholders usually desire at least some of their pro rata share of the income. Therefore, the game is to make distributions that result in the least COMBINED taxes.
I believe that in the past you said the company should pay out a very large portion of its accumulated unused cash. I am, in effect, agreeing that if they want to do that, now is the time because of the reduced tax rates. I personally don't want them to distribute all the cash because I trust their judgement and I don't want to pay that much in taxes but under the circumstances, now would be a good time to be more generous with taxable disbursements.
Our arguements here are only that. What happens in the future will determine whether my prediction is correct. That prediction still stands. The company will report earnings of over $2.00 per share and pay a dividend in 2004 of around $2.00 per share. What are your predictions? Put them in print so we can judge them with facts in the future. Who do you predict will buy NPK? When?