You are CRAZY!
Why do you think NTE will priced that high?
A good P/E will be between 2 and 3. So I'm thinking $6/share to $9/share.
Of course, you MIGHT be right if NTE doubles the dividend to $1.20/share, but I'm not so sure...
A 16% or 18% dividend yield will give some amount of support to the stock...People are hungry for yield...
Of course, the land in Shenzen ain't worth much of nothing, maybe $.25/share or so. DON'T FORGET they have to build a new factory! So the $5/share in cash will have to go to building that out.
We'll see, but I'm thinking between $4 to $6 share!
Sentiment: Strong Buy
Such a stupid, amateur, ignorant post!!! Grow up.
It’s a valid post. I find it amusing that someone ignores all the facts and shorts a stock solely because it is Chinese, and they know nothing at all about the number 4.
444 means death death death in Chinese, and is a pretty good foreshadowing on outcome of shorting this stock.
Sorry this went over your head.
Good old infin444...
Seldom right but never in doubt.
444 in Chinese means death death death....... Just saying......
LOL, still in denial, a short is a short is a short. NTE will be having a short buring party after the next quarters earnings come out in April.
will take a while to get there...maybe with Dow taking a breather...