Has anyone performed an analysis on National Presto Industries or heard of them?
Seems like a company Watsa could be interested in. Conservative management, large insider ownership, pristine balance sheet, long term focus, shareholder friendly (pay out special dividends) and decades of EPS growth in all types of economic cycles.
Yes I have. They make weapons, cooking supplies and diapers. I kid you not. Actually if you read the Intelligent Investor you will see Benjamin Graham profiled the company years ago, having liked the management very much.
Hmm, what can I say...Nice dividend, quarterly and last year they paid a once a year $6 special dividend to shareholders (not sure if that is permanent though). Also make sure to read the quarterlies and annuals because they generate much of their revenues from military contracts and with Iraq slowing down....who knows.