I bought my fair share of manufacturing dividend stocks in the past and what I learn from them is that to benefit from them you had to have enough margin of safety. If you buy them at fair value or overpriced, a bad earning result or a recession could just caused you to hold this stock waiting for it to recover. One such stock could be Innotek. Its been a good stock for investor looking for yield, value and growth. The yield provided at 58 cents is pretty good and judging by its balance sheet you would think that “oh if it continues to earn like this, the yield can be sustain and earnings at most would grow in the low single digits” Companies like Innotek are inevitably tied to the business cycle and depends a lot  on their customers outlook which is affected by macroeconomic factors as well. Innotek ......