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National Presto Industries Inc. Message Board

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  • stockholderrevolt stockholderrevolt Oct 1, 2000 8:39 AM Flag

    In below 30

    I wrote this message several months ago when the
    stock price of NPK was higher. At this point (10/1/00),
    every long-term holder of this stock is in losing
    territory. Why compliment management for its
    failure?

    "By the way, I retrieved a few numbers through my
    Bloomberg system at work. Those who hold NPK today and have
    held it for almost any period up to 5 years have made
    little or nothing! I think investors who bought the
    stock 3 years ago and still hold it today are in
    positive territory. Everyone else would have done better
    in CDs. Stockholder value can be locked up by
    intransigent managements. There is no law forcing the ultimate
    realization of whatever value might exist. But if NPK's
    management has the good sense to put the interests of the
    majority of stockholders ahead of a priviledged minority,
    then we might see a recovery. Otherwise, well, you
    know what has to happen."

 
NPK
57.53+0.7300(+1.29%)Dec 17 4:02 PMEST

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