National Presto Industries, Inc. (NYSE:NPK)
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The Company operates in three segments, Housewares/Small Appliance, designs housewares and electrical appliances, Defense Products segment, manufactures mechanical assemblies and Absorbent Products segment manufactures diapers and adult products.
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This stock returns cash to the shareholders rather than spending it on misadventures as some other companies do. Also a lot of it's competition in the small appliance sector has gotten out of the business. It has a clean balance sheet (no debt), the earning have grown at a 23% rate over the past 5 years (including 3 recession years) and it is trading at an 11 PE on trailing earnings.