Neenah Paper (NP) looks intriguing as an undervalued dividend-paying company with a market cap of only $508 million. The company operates two segments: technical products and fine paper. Neenah's products are found in many consumer goods, but are not commonly known to most. The company sells its products in over 70 countries worldwide. The undervaluation, recent acquisitions and company strategy give the stock a high reward, moderate risk potential for investors.
About the Company
The technical products segment comprises 50% of the company's revenue according to the first quarter 2013 report. Net sales from technical products are spread over 500 customers worldwide. This segment offers paper for filter media, specialty tape, medical packaging, paper backings for labels...
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