Investment Thesis
NAPCO Security Technologies, Inc. (NSSC) is one of the leaders in the lucrative security industry with a portfolio of products that cover the complete spectrum: alarms and connectivity; locking and access control; as well as surveillance. In addition to its traditional hardware security products, over the last 3 years the company has been marketing and distributing their Starlink cellular communicator that connects new and existing security systems with users' smart devices. This shift in business model generates an attractive, sticky recurring revenue stream that is growing exponentially and the stock price