S. Michael Mandala

NAPCO Security: Slow And Steady Wins The Race

NAPCO Security (NASDAQ:NSSC): A steady rise in revenues and gross profit margin should result in $1.00 earnings per share for this company within the next three years.

Since 1969, NAPCO Security Technologies has been providing commercial and private security solutions in the United States and abroad with a comprehensive product line that includes electronic locking devices, intrusion and fire alarms, and building access control systems. NAPCO sells its products to over 15,000 independent dealers and private label security companies.

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The majority of NAPCO's products are sold within the United States with less than 10% of sales accounted for by foreign sources. Even with a small global market share, NAPCO's product line is heavily represented in...

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