Napco Stock Rockets Past Previous Highs After Crisis
When stocks crash, as Napco did six months ago, they normally never rebound or take years to fix problems. However, Napco has bucked this trend.
In this note, we examine the fall and now rising to new levels for the NY security manufacturer.
Stock *****
*****'* ***** ***** *** *** **** year ***** *** ***** ******* *** rapid ********** ** *** *****'* ***********.
**** ****** *** ***** *** **** more **** **% ** *** **** fall, ** ** *** ** **% overall *** *** **** ****.
Problem *** **********
*** **** ******* *** **** ********* feared *** ******* *** ********* *****, but *** ******* *** *** ********** convinced ********* **** ** *** * genuine ********** *****. *** **********, ***:
***** ***** ***** ***********, ***** * consulting ****,***** * ********* ** ** ******** Relations. ***, **** ***********, **** * reasonable **** **** ** *** ** error:
*** ******* *** ***** *** ******* toenhance *** ******** ******* procedures for determining inventory cost in accordance **** **** and COGS at the end of each fiscal quarter and will continue to refine these procedures and controls. [emphasis added]
** **** **** ** ********** **** were ***** ****, *.*., **** **, first *** ******* *** ***** ********* instead ** ***** **, ***** *** (FIFO).
**** ** ********* ******* ***** *****-****** the **** ** ***** ********, ******** they **** ****** ***** **** ********* components *** ***** **** ***********, ***** is * ********** ********** ****** *** period ** **** *********. *** **** would ***** ** ****** **** * premium *** ***** ********** ** **** were *** ***** **** ***********?
Latest ********* ******* ********
*** *******'* ******** ** **** *********** ********, **** ******* ** **%, robust *** ****** ** **%, *** even ** ******** ** ***** ******** to ************ ** **%.
Touting ***
***** ** *** ***** *********** ** ADI, **** *** ******* ********** ******** to **** *** ***** ******** ** name. **** *** ******* ***** ******* up ***** **** **** **** ****:
*** *********** *** **** ****** * long ****, **** *** ***********, **** the *** ********. ** ***** **** them ** *** ****. ****'** *** to ** ***. **** ****'* * case ** ******* **, **** ** all *** ********, *** * *** hit, *** **** ****** **** ****. This ** * **** ********** **** up. ******** ****** **** *** ** Qs *** *** ***, ** ****** it ** ******* ************. ****'** *** biggest ******** *********** *** *****. *** we've **** **** ******* **** **** for * ****** *** ** ** and *** ** **. **, *** potential ** **** **** **** **** we've ****. *****, ** ****'* **** them **. **'* ******* ********, ***** is *** *** ** **** **. We ***'* **** ** *** ** a ********* ***** ** **** **** up *** **** **** **** ** return ** *** **'* *** **** that. ** **** ***** ****'** *****, and ****'* *** **'* ***** ** be **** ***** ****.
***** ********** ** *** *** ** facilitating *** ********* *** *** ******* ADI:
**'** ****** *** ****** ********* *** to **** ***********, ******* ******* ***** customers *** **** *********** ** ***** main ***********. .... **, **'* * great ************ ******* ***** *** ******* dealers **** **** ** *** **** particular *********** **** **** **** ***********. So, **** ***** ***** ***** ** a *** ***.