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.
I'm such a hands off investor I didn't even realize NPK had done so well over the year. It may be a mistake, but I'm not selling. If I sell I won't automatically get the annual report and I so look forward to that every year! :-)
I'll raise a glass for NPK and wish her continued success.