With shares trading under $6 it seems the market thinks NTE has about a zero chance of making a profit in 2014 and a very big chance NTE will bleed cash in 2014. Is the future really so gloomy for a company with such a strong balance sheet and no debt?
Too much uncertainty right now. The company may decide to close all their EMS business and focus on real estate development. But if the Chinese Central Bank does decide to continue to tighten credit it may crash the Chinese real estate market. Since the company is no longer hosting any conference calls to answer any questions from analysts, it will add to the uncertainty.
Probably not so gloomy, but lots of negative sentiment out there pushing down pps. China "credit crisis" and negative Jeffries note on Apple not helping. CRUS getting crushed too.
Buy when there is blood on the street....but you have to have the cash and the cajones...
The stock price is reflecting the last news we heard from the company which was very bleak. We may not hear from them again until they issue the Q2 report . Will they provide guidance for Q3? It does not seem so and without that investors are left in the dark. Imagine how much pressure is on management due to the decision last year to compensate by using stock options. The receipt of those options created wealth for the company's upper management last year and today that wealth has been taken away.