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China Techfaith Wireless Communication Technology Limited Message Board

  • jdt115 jdt115 Feb 24, 2013 12:15 PM Flag

    $265 million in cash and only $15 million in debt.

    How can CNTF have $250 MILLION in the bank after subtracting their debt and only be worth 1.21 per share and a $60 million market cap. You would think that they would be worth at least half their cash value even with all the issues and fraud that Chinese companies are having. Having this stick at around 2.50 per share would be much better than this dead fish and where we stand now. Still hoping for the best and very glad that Albee has appeared to have left this board for good! JDT .

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Looks like mnay people dont believe they are real and have that amount of money. QXM and XING had 4.00 in cash and both companies are now delisted. Looks like the money has just vanished. I did buy this many years ago at 10 and sold it at 15 a few months later. I have been watching this over the years and decided at a buck a share, it was worth a gamble considering its cash position. Possible buyout at 2.50

      • 1 Reply to blueline_4321
      • XING was a strange construction. A Reverse Merger (unlike CNTF who did a proper IPO). A mining company diversifying themself into making cables, and then calling themself a telecommunicationcompany. No wonder shareholders have a hard time.

        CNTF is real. You can hold their products in your hand/play with them, and I actually got an answer from Mr. Jay Ji 5 years ago trying to verify the actual number of employees after they bought their gaming division.

        CNTF is hugely undervalued, but investerconfidence in Chinasmallcaps is close to zero. This will gradually improve. But it takes time, and chinese companies have to focus on shareholdervalue, transparancy and better communication with shareholders. But patience will be rewarded.

    • topline1@sbcglobal.net topline1 Feb 25, 2013 10:43 AM Flag

      Great buy opportunity right here - Ad to your position and be patient. You will be rewarded.

      • 2 Replies to topline1
      • You can't just say great buy without backing it up with any facts. Management does not aggresively defend itself or the stock nor are they pro-active promoting the stock in the media. You say we will be rewarded but you are just assuming that the cash is in the bank and it will eventually catch up with the stock price. Chinese small caps are very our of favor as many of them have committed fraud. This management team and company will have to do much more for us to be rewarded. If it get's back to 2:00 sometime soon I will be happy and sell my almost 20,000 shares for a smaill gain. Hoping for the best so I can cash out and never ever invest in another Chinese company again.

        Sentiment: Hold

      • Nobody thinks this company is real. Its a spec play for me .

 
CNTF
1.20+0.03(+2.42%)Dec 26 3:59 PMEST

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