We are following a stock that has something in common with an historic stock market milestone – the year 1929. The span of time between 1929 to 1939 marked a 10-year era known as The Great Depression, a protracted event that many argue had a multitude of causes, both domestically in the United States and worldwide. The US saw a major decline in the stock market, falling consumer prices (deflation) in the midst of a major shift in product manufacturing techniques, joblessness, and an eventual slowdown in global trade that brought commerce to a fraction of what it once was just years before.

Ironically, we are now following a manufacturing company that was incorporated the very year marked by the beginning of the Depression. (although it was technically founded in 1880). If you think about that for a second or two, it’s not often you can find a company that has been around for 140+ years.

As you may know by now, our first criteria in our tier one quality microcap checklist is “long operating history.”