Nacco Industries, Inc. Passing Along Steady Earn
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Posted On: 04/02/2013 1:24:15 PM
Nacco Industries, Inc. Passing Along Steady Earnings to Its Investors
When a company has extra cash on hand, it has three options: reinvest the money for future operations, pay out a dividend to shareholders, or buy back shares off the market. Nacco Industries Inc. (NYSE: NC) has spent the last year focusing on the last two choices. Nacco is a small-cap manufacturer of lift trucks, retail housewares, and mining equipment that sells primarily to companies in the United States, Europe, and East Asia. 2012 was a good year for Nacco as a stronger w world economy created higher demand for the company’s products........
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