Disturbing also because if a potential buyer came along and bought NTE now, they would be buying NTE at a deep discount...in using the company's own money to fuel their takeover! NTE really does need to diversify their asset base and balance sheet. A sprinkle of real estate assets would probably be a good thing, especially in that part of the world. It would, at the very least, be a good hedge against currency devaluations....plus the chance for appreciation of more tangible assets.
Further hedging - yesterday, sold Sept $7.50 calls for $.50 on another 1/6 of my shares.
Hey guys, checking in… up $42k this month trading NTE, I get my stock alerts from #$%$. Saw an analyst recommend them on CNBC and have been using them ever since, currently long right now in my portfolio.