Luvnpeas99 wrote: "Oh look...a quarterly statement."
NPK had to get last year's quarterly statements properly redone so that it could issue this year's. (The restatement comes about due to the success in the litigation and because of a change in accounting rules that came out AFTER they were originally issued. According to NPK's new auditors, because the litigation issues required new statements, the new statements must meet all current accounting standards even though those standards did not exist when the statements were originally issued.) The 10-K and 10-Qs are now done for 2006.
The fact that 2006 is now taken care of indicates that the 10-Qs for 2007 should be out shortly. I would bet that they will be out on or before October 26. Anyone who has followed this stock for a while knows that NPK was always religious about issuing timely and accurate financial reports. (It's annual reports are unusually refreshing.) It is only because NPK's old auditors gutlessly abandoned NPK during the litigation and then didn't have the cojones to stand by its original statements when NPK won the litigation that NPK's finanical reports have been delayed.
In the past, NPK issued third quarter reports on the last Friday of October, after market close. I predict we will see a return to that this quarter and then NPK will return to its normal practice of filing timely reports. If you believe that it is the financial reporting that is holding back NPK's stock, then I would submit that this is a good time to be long in NPK (as I am) as that negative feature should be gone quite soon.
The stock should sell for at least 2 times book and that would give you a share price of 82 bucks. I also would betcha that the book value is understated, they wouldn't want the world to know that there deeply under value, not to mention, that there's an ammunition shortage which can only help the bottom line. All undervalued situations sooner or later sell for their true value, it's just matter of time.