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National Presto Industries Inc. Message Board

  • pmlljl pmlljl Nov 17, 2005 11:52 AM Flag

    Sovereign-no_slappz

    no_slappz:

    If you want to see how an entrenched management works against its shareholders
    and for itself, you should read yesterdays Wall Streert Journal about Sovereign. Sidhu ought to be in jail.

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    • no_slappz:

      Did you read message 1531 titled the Milwaukee Journal on NPK's board?

      Is it for real?

      What is your takeon it?

    • no_slappz:

      You can imagine that I am amused by CVC's latest action. I nominate the Dolans for executives of the year. NOT!

      I always thought dividends were to be paid out of retained earnings and CVC doesn't have any.

      The Dolans can do anything they want to do as long as their lenders provide the money. I wonder if they busy asking their lenders for lunch money?

      Pretty much of the cable television is in the same boat. By the way, I recently cancelled my subscription to Cox cable and will probably never go back. They don't have a clue about how to run a business.

    • pm, I'll look at the article.

      As I've mentioned, all manner of managements become entrenched. However, when the deck is not stacked against outside shareholders, sometimes the inside guys find themselves in a fight they can't handle. Sidhu may be that guy.

      However, I can tell you with absolute certainty that Sovereign will be acquired, eventually, as will ICBC, its current target.

      Even if the SOV/ICBC deal is terminated, we now know ICBC will accept $42 a share in cash and some other benefits from a hopeful buyer.

      NPK, meanwhile, can whittle away the time any way management chooses.

 
NPK
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