Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Neenah Paper Stays A Few Steps Ahead

Waiting for a better price on the stock of a company you like can work out really well sometimes, but then there are cases like Neenah Paper (NYSE:NP) where the shares just keep marching upward - to the tune of better than 30% move since I last wrote about the company.

I do like the company's focus on value-added specialty papers where there is relatively less competition and less price sensitivity. I also like that management seems focused on identifying future acquisition opportunities, as free cash flow generation over the next few years should be in excess of the company's deleveraging needs. What I still don't like so much is the price you have to pay for all...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details