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National Presto Industries Inc. Message Board

  • beanbean714 beanbean714 Apr 1, 2004 9:29 PM Flag

    how much


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    • beanbean714: It looks like this board is about to be pronounced "dead". You and I and maybe no slapps are the only ones left. Now, I may be about to depart.

      I sold the rest of my NPK stock this morning. When I was buying about a year ago the stock was $26 and change while book value was about $35 and cash per share was about $31 maybe. Now, book value and cash per share are about the same, but the stock is $40. In fact, little has changed about the company, except the outsourcing program is near completion.

      I don't want to tell you ar any one else what to do, but it seems clear to me that the risk is surely higher now than it was a year ago. Please understand that the market is not run by logical people, particularly at the extremes. The stock could go higher and the market could go higher, but I have chosen to liquidate and hope I get another chance to buy it at $30 or below.

      Good luck.

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