Nam Tai Electronics, Inc. Message Board
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Unaudited results for another Chinese company!
300% increase in 3 months! soon this will be another Chinese fraud company. The results are unaudited, so they could come up with any numbers they like!
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You must have been short. Sorry. This is real. Been around for many years and produce audited statements at year end. Also meet all other requirements of the listing on NYSE and SEC. Most of the people here dont have a clue. Do some DD. They supposedly own the stock but dont know the dividend was increased or that these gains were telegraphed by management three months ago. Not to mention a new and even higher guidance for the 4th Q/ .Sorry for your losses.
- 1 Reply to bobforaps
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Don't need to feel sorry for anybody! Only Chinese compnaies can go up 40% in a day or a p&d. We have seen these kind of jumps before and it might go even highr but sooner or later there will be a news or negetive article to bring this down again- Take your profit and enjoy before it goes back down, that is my experience with these kind of moves
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This is an NYSE listed company, and it has been for many years. There has never been a problem with their books. They cannot just say anything they want, or the SEC will slug them very hard. You can argue against the company on many fronts, but not on their financials.
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Big difference in mainland China and Taiwan standards.
- 1 Reply to thomfcrawf2002c
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Time will tell! I am just watching and won't touch this b/c numbers are coming from another country and a negative article can bring this down to 10 again. Who ever is pumping this, is also enjoying 15 call options! it is all planned
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