All those people in the park chatting on cell phones owe something to Park Electrochemical. The Melville, NY-based firm makes printed circuit boards and other components for mobile phones, laptops, and other electronics. In recent years, Park has been expanding in Asian markets such as Singapore and China to capitalize on the region's strong future growth.
With almost $200 million on the balance sheet, no debt, and strong free cash flow, Park's financial health is the envy of the industry. And with a 1.2% yield, it provides investors with a nice stream of income.
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