Bought 500 shares at 28.01 today but am not sure why I am adding to my position...can you see the Cohens excusescoming..higher resin prices that cannot be passed on ,historically low interest rates hurting bond portfolio,poor retail environment,SEC investigation taking energy.....where is the 500,000 share buyback?Next year it will be the weak dollar!!!
The weak dollar excuse applies to 2003. Wouldn't you know that just when they outsourced production to China the dollar would go south? I bought more NPK near yearend at $29 and cannot decide if I want to add more. The economy and the stock market are liable to have another tough year including dollar weakness. I have been trying to figure out how the plan to eliminate double taxation of dividends would apply to NPK and whether the plan will actually be implemented. Anyone have any ideas?