I know one has no control over the weather but unfortunately a very disappointing March 2015 quarter. A news release on Seeking Alpha states Napco missed consensus EPS by $.04/share and reported revenues missed by $1.0 million.
Downward stock price trend is once again establishing itself today (Monday). Not many buyers and those wishing to sell are having to do so at ever lower prices. My gut feeling is March 2015 reported results will disappoint, possibly due to the negative impact of the extreme winter weather in the northeast during the period. I expect this is the area where Napco does a large portion of their business. Their backyard so to speak. However, I expect any sales/profits delayed or postponed during the March 2015 quarter will be made up in the June 2015 quarter. The blip, if there is one, being only a timing problem
One wonders at what point the stock price will bottom out?
Added more shares today and will continue to add. In the long run scheme of things, this price level appears to be pretty attractive.
I assume the release date will be May 14 or 15. Still no progress by the company in accelerating their release of quarterly results. No doubt, not very high on the company priority list. After reaching an intra-day high of $6.16 per share during the day on April 10th, the stock price has moved roughly 14 percent lower to Friday's closing price of $5.29 per share. One hopes this is not a forewarning of a negative surprise in the wind. Late Friday, I couldn't resist picking up 1100 shares available at approx. $5.32/share. I considered this a reasonable price but only the future will confirm whether I was right or wrong.