I'll admit I could be wrong. I'm actually wrong a lot. I have no idea which way this thing is going to go. I was wrong when I held it into earnings. I was so P*ssed I shorted the damn thing.
Your right. They are absolutely going to be around with cash and dividends for a long time. I agree with that. But the fairly tale didn't come true so it's back to the drawing board to design it's next one. In the meantime it's is likely to march it's way back down to 5. It won't happen quickly like these shorts are dreaming of.
I disagree. This stock went up because of dreamy investors who thought Nam Tai was going to be Apples best friend. They were going to build ipads, iphone 4's, iphone 5's and mini ipads. They were going to be bought out by Apple. All kinds of dreamy stuff. It went up on the dream and that dream is dead. In fact no one is coming along and using them at all. It seemed very clear to me in the cc. So much so we are now talking about land deals 45 seconds into the call.
I agree. In fact I'm considering shorting the stock. It took a mountain of good news from it's relationship with Apple to move it up. What in the heck is going to hold it up?
My concern was this was a 5 dollar stock when the excitement of doing business w/ apple boosted the stock. I knew it was fishy when that corporate video came out and the video was more designed to convince investors to buy the stock than it was to promote the LCM business. It begs one to question. Is Nam Tai in the business of selling LCM's or selling stock?
I sold on the open. I'm a long time shareholder who has had enough. In the end I broke even because NTE did have a nice run. However the cc scared the #$%$ out of me. Even the guy (the first caller) to ask a question Mr. White from Topeka Capital sounded fed up. He asked bluntly what's the land worth and couldn't get a straight answer. He asked several times. My guess is this stock is going to drift it's way back to 3 while Nam Tai and it's PR people plan it's next bs run up.
I can't figure a good reason to hold this stock. The land? They were in bed with Apple and got kicked out. They have no business and knew it. They played us for fools. I can't see myself falling for it again on this land deal.
I'm pretty livid. What made me the most upset was in the prepared statement on the conference call how quickly they jumped to the information about the land. It is like the entire business of building LCM's is gone. Grand opening and grand closing just like that. I've owned the stock for a while and can now see in retrospect they were laying the ground work and planting seeds for this land thing all along. I'm not buying it. These Chinese stock should come with a warning label and in fact they do. At the bottom of every press release it basically explains that your going to get screwed.
There won't be any good news any time soon. I got smoked for a huge loss on this company. $8500 loss. Lesson learned. I won't be investing in a Chinese company ever again and completely wonder who would.
or a buying opportunity. Apple recently started putting it's eggs in a new basket. Thoughts anyone?
Answers: It's going to start in like 10 minutes.