SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (9098)12/2/1999 12:57:00 AM
From: Paul Senior  Read Replies (1) of 78744
 
re: NSI. Here's a pretty decent value stock, imo.

National Service Industries (NSI) is a conglomerate composed of Lithonia Lighting, National Linen Service, Atlantic Envelope, and other mundane stuff. (Apologies if I've unintentionally insulted anyone - but this is SI and lights and envelopes and linens don't get much respect - unless you're looking for one)

Company sells for .5 times revenue, about 2 times book value and maybe 10 times recent earnings. The dividend yield is 4.3%. Debt/equity has jumped up from .13 to .7. Management originally said they would use the debt for acquisitions and stock repurchases (and they did buy 1.2M shares). They suspended the repurchases until d/e is below about .6. Over the past four years, eps has grown at a 12% rate. Four analysts follow the stock: One strong buy, one moderate, two holds.

Okay, here's a strong reason to consider this stock: from their 12/98 press release: "NSI has reported increased income and earnings per share in 35 of the last 37 years. Dividends have been increased for 36 consecutive years and paid for the past 62 years without a decrease." 1999 looks to me to be another record year.

I don't know how they do it. Envelopes are profitable??? People are talking about the internet doing away with the post office.

Still... I have been waiting to add to my position if stock hit new lows. Today I added.

fwiw,

Paul
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News