Wouldn't you think that NTE would be buying back stock at this level. Use up some of the cash hoard and reduce the number of shares outstanding. They don't appear to be investing or making acquistions so lets put the cash to use instad of earning 1% or nothing on it.
Joshua...seems to me speculation on motivation of poster not as relevant as quality of content.
Also, I think that in EMS to overcome the multiple advantages of size a company requires a solid Niche Strategy. Many smaller EMS are sector concentrated with aligned expertise and customer proximate. So what is Nam Tai's? XKMFx has argued non existent and or very flawed.
I've been considering emailing the company to suggest a stock buyback, but I doubt that they would listen. Be aware that they did buy back 1/4 of the company at the end of 2009 when they bought the subsidiary NTEEP.
Koo is now focused on building a strong management team, refocusing the company on high margin business and having all this in place in 2011. This is what he said at a conference a month ago. I do not think he will be doing a buyback. But if he succeeds in the reforming of the company then NTE is an easy double bagger in here.
This company has a big bulls eye painted on it after years of profits. Perhaps the business is worth something, but the land rights and the currency are the value at $4. Who cares about the business. Tough not to own.
Yeah, I don't see any more buyback at this point. (Unless maybe they can get some big blocks at negotiated prices.) Trading volume is so small, if they tried to suck up a meaningful number of shares the price would go up too much.
NTEEP was a big repurchase, though, as somebody else pointed out. Namtai is one of the very few companies that have taken advantage of the crash to repurchase shares at low prices.
But I don't expect management to buy us out. In my opinion investors will have to gamble on an earnings recovery. They start making $0.75 a share again, and we'll see prices of $10 to $15. They don't, and we won't. Crappy operations like Celestica and Sanmina don't seem to need earnings; I guess they've found mo investors or others who don't care about fundamentals. Unfortunately Namtai apparently isn't going to participate in that.