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National Presto Industries: Leakage In Its Absorbent Products Segment

It's hard to imagine a company that's been in business more than a century being under-followed. When the company has a 69-year track record of dividends, it's a further puzzler. Factor in the characteristic that some of its products are innovative yet now well-known and standard household staples. It makes little sense why the stock is not heavily traded.

Company HistoryA quick glimpse at the history of National Presto Industries (NYSE:NPK) and one is charmed by its mark on Americana. At the onset in 1905, Northwestern Steel and Iron Works, National Presto's predecessor, manufactured pressure canners for commercial use. The USDA endorsed pressure canning as the only safe way to can low-acid foods in 1917. Commercial canneries...

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