National Presto first popped up as a potential candidate for my investment club in 2013. Like many, I was drawn to this workhorse of a company with no debt and paying a healthy dividend. But, as I researched and monitored the company, I became disenchanted with management's capital allocation decisions and lack of transparency.
Though my disenchantment regarding National Presto may have felt warranted, the market continued to show enchantment. The share price not only appreciated handsomely but dividend payments since 2015 total $20.60 per share.Source: Seeking Alpha
Oftentimes, if Seeking Alpha contributors