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To: benbuffett who wrote (46856)	3/2/2012 4:13:26 PM
From: Spekulatius	1 Recommendation Respond to of 78783

NPK >>"In looking ahead to 2012, Ms. Cohen commented, “Many of the issues that the Company faced in 2011 will in all probability continue in 2012, in particular, those that stem from a weak economy"<< But the economy is not really that weak. Many retailers are thriving and then i read the sob story in NPK's earnings release about retailers only keeping the minimum inventory and having bare shelves when the customer is ready to buy. This just does not ring true with me, the last XMas season was good for many retailers. i suspect that there are other reason for their weakness than they state, namely that they products are stale and retailers and consumers are not interested.

To: benbuffett who wrote (46856)	3/2/2012 7:26:18 PM
From: Sergio H	Read Replies (1) \| Respond to of 78783

One of the reason's for the sell off in NPK.....NPK's ammunitions sales will not keep up with 2001 levels. Since the U.S. pull out of Iraq, the DOD's demand has decreased. <On February 18, 2010, the Army awarded AMTEC a second five-year contract for the management and production of the 40mm Ammunition System. As in the original 5-year contract, AMTEC was awarded the majority share of the 40mm requirement. The first year requirements awarded to AMTEC under the new five-year contract exceeded $183,400,000. The actual and cumulative dollar volume with the Army over the remaining four years of the contract will be dependent upon military requirements and funding, as well as government procurement regulations and other factors controlled by the Army and the Department of Defense.> gopresto.com