Buffett's buying American stocks. Cramer's buying dividend stocks. Martin Zweig specifically loves this kind of stock.
National Presto (NYSE:NPK): It's the first time I saw one of the most awesome college products in the world, a rotational stand alone frozen pizza cooker. Needless to say, the company has other awesome products.
It's cheap and it's priced to grow at 2.8%. It's been growing revenues and earnings over the last couple years at a rifling 40%. Analysts still aren't covering this company. It's almost impossible for investors to learn anything about this company --- it's so secretive. What's not secretive is its whomping dividend.
Cramer says look for dividends above 5%. It's been ramping up dividends and currently yields around 7.5% if you take the same dividend forward.
Buffett says look for growth on the cheap. I think 40% against a 2.8% expected offers a huge margin of error. Even if National Presto clocks in at 15%, you're making out like a bandit. Plus it has little to no debt.
Zweig loves this stock because it meets all his criteria.
There was bad news in an appeals court, but it worked in the company's favor. Below are the 10 year and 3 year charts.