Nam Tai Electronics, Inc. Message Board
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Question for long term NTE shareholders
Didn't NTE have over $1 billion in cash only three years ago?
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I just checked. The most cash they ever had was about $250 million in 2007. You're thinking of another company, or of something else on the balance sheet.
- 1 Reply to gnrlowners
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thanks for your reply
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Per the balance sheet from 2010 or even 2009.......no.
Sentiment: Strong Buy
- 3 Replies to p1hurley
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thanks for your reply
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thanks for your reply
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I made my initial investment in this company 8 or 9 years ago at about 21.
I really do not ever remember the company losing a substantial amount of money at any time.
Every time the company makes a substantial profit it has gone straight to the share holders as
a fat dividend. At the current price of 14.41 I am ahead on those shares due to these dividends.
It also helped to buy a lot more in the recent past at 5.
Considering their growth in sales/profits and prospects I consider the stock to have a good probability of trading in the mid 20's in 3 to 6 months.
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