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Nam Tai Electronics, Inc. Message Board

dtejd1997 19 posts  |  Last Activity: Aug 28, 2014 9:30 PM Member since: Jan 30, 2008
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  • Reply to


    by investor7777 Aug 28, 2014 12:42 PM
    dtejd1997 dtejd1997 Aug 28, 2014 9:30 PM Flag

    The question is thus:

    A) . My logic

    B). Your reading comprehension

    One of them is off, by quite a bit too!

  • Reply to


    by investor7777 Aug 28, 2014 12:42 PM
    dtejd1997 dtejd1997 Aug 28, 2014 1:31 PM Flag

    If COCO has not paid the rent on their corporate HQ, they can be FORCED into bankruptcy. Involuntary bankruptcy is what it will be...

    Then the sky is limit, stock can ONLY go up from there, haha

    It is a miracle the stock is trading for as high #$%$16/share.

    Sentiment: Strong Sell

  • Reply to

    August 20 News

    by longforthepenny Aug 24, 2014 12:03 PM
    dtejd1997 dtejd1997 Aug 25, 2014 9:41 PM Flag

    yes, I got a few thumbs down for suggesting some other low debt, dividend paying stocks...There appears to be some posters who are talking down NSU no matter what.

    NSU may be a great investment, maybe not...but it is hard to argue that they have some VERY compelling financial metrics. Low P/E, high cash flow, lots of cash, no debt, decent dividend...

    The "chucklehead" posters are what is bringing down the Yahoo! discussion boards...

    Sentiment: Strong Buy

  • Reply to

    Need help here

    by drewsbu83 Aug 15, 2014 10:47 AM
    dtejd1997 dtejd1997 Aug 16, 2014 6:24 PM Flag

    There are several other miners if you know where to dig. A lot of them are in Africa....they have had a tremendous run lately...but still might good buys especially if gold goes up.

    Caledonia Mining is one. No debt, good dividends (higher than NSU) CALVF.

    Mandalay (MNDJF) is another one. EXCELLENT MANAGEMENT.

    There are some other miners that don't have any debt, but don't yet pay dividends. They might in the near future. Check out Rambler Metals.

    Sentiment: Strong Buy

  • Reply to


    by yelsew12345 Aug 16, 2014 5:06 AM
    dtejd1997 dtejd1997 Aug 16, 2014 12:26 PM Flag

    Unfortunately, I would agree with you.

    Management has really only good results with management contracts. They have NOT done well owning casinos. They have chronically paid too much, AND not made the expected returns.

    It is easier to own a casino than it is to get a management contract at this point.

    The other problem is that management has been VERY POOR allocators of capital.

    With the loss of the Thunder Ridge contract, they could have a severe liquidity problem shortly. It is also going to be very poor timing if the Silver Slipper does not open soon.

    A better position would be to own the debt...

    Sentiment: Hold

  • Reply to

    Dangerous position

    by dtejd1997 Aug 10, 2014 2:25 PM
    dtejd1997 dtejd1997 Aug 12, 2014 8:56 AM Flag

    There is a good argument to be made that Andre should lose his job over the Fitz catastrophe.. He made SEVERAL amateur hour mistakes that were apparent right from the start.

    Now this mistake has set off a cascade of negative effects jeopardizing the company...

  • Reply to

    what if COCO gets 130M for Heald....

    by sf49ers17 Aug 9, 2014 10:02 PM
    dtejd1997 dtejd1997 Aug 10, 2014 4:17 PM Flag

    What if they don't get anything for Heald?

    If I were an acquirer, why would I want to take on their toxic liability/name? If they DO NOT go bankrupt OR get sold, there is going to be an absolute flood of lawsuits from various AG's and disgruntled students. What about investors? They might have some law suits too.

    No, if I were in the FPE sector I would simply build out my own brand/offering and take market share from Heald. No need to pay for it...

    Sentiment: Strong Sell

  • dtejd1997 by dtejd1997 Aug 10, 2014 2:25 PM Flag

    Hey all:

    I think FLL has now entered into a very dangerous position. Cash flow has plummeted again. I would guess that they are BARELY able to pay interest AND have a minimal cap-ex expenditure.

    I was intrigued by the new low price, but I am alarmed at the drop off in cash flow, especially in IN. They barely have any cash flow there.

    if they can't get things turned around in a quarter or two, I think there is a real possibility that they could face a real liquidity situation after that.

    In a few months, their property in IN is going to be facing inclement weather again...We could also have a drop off in the general economic situation...

    Offsetting this, they should get some tax relief in IN, and the hotel in MS should be online and hopefully generating some cash flow. Might also get a bounce if the NY casinos get approved...

    I just think they need to desperately focus on running the properties right and lowering expenses, starting at the corporate level.

    Any thoughts?

    Sentiment: Hold

  • Reply to

    I'm Slowly Coming on Board, but

    by dawalk44 Jul 23, 2014 3:11 PM
    dtejd1997 dtejd1997 Jul 24, 2014 12:39 AM Flag

    A 21% is scary? What about my 31% dividend (as I bought at $14.75)? That is truly terrifying!!!!

    Especially considering I've already gotten 4 dividends!

    Sentiment: Strong Buy

  • Reply to

    How much debt do they have?

    by mdpetrosky Jul 10, 2014 11:18 AM
    dtejd1997 dtejd1997 Jul 10, 2014 12:48 PM Flag

    Not to be rude, but you must not have looked very hard...

    These guys don't have any debt. In fact, a huge percentage of their market cap is sitting in cash. That is why so many of us were buying at $.65/share.

    According to Yahoo!, they have about $25mm in cash, which equates to about $.48/share.

    Sentiment: Strong Buy

  • Hey all:

    I am surprised at how strong COCO has been these past few days.

    I am going to guess that it exhibiting strength on all the shorts covering their positions.

  • dtejd1997 dtejd1997 Jul 7, 2014 9:44 AM Flag


    I never thought of COCO that way. Your figures are airtight though...

    This could be the investment of the decade, a 100X return in maybe a year or so!

    Just one question though...Are you a graduate of a COCO skewl?

  • Reply to


    by investor7777 Jul 6, 2014 8:01 PM
    dtejd1997 dtejd1997 Jul 7, 2014 12:51 AM Flag


    You must be pretty bullish on this company.

    I would be VERY surprised if the shareholders wind up getting anything at all.

    They are going out of business, and it took a long time to do it...

  • Hey all:

    I would suggest the easy money days of gambling are long gone. You have to have a niche to make it long term. In MS, who can they compete with and what niche?

    The high end? Almost certainly not, Beau Rivage has that one sewn up. FLL also doesn't the capital to do that.

    What about catering to gamblers?

    Mr. Binion was reasonably successful at doing that. He gave a great gamble, a stiff drink, and a hearty meal. In Tunica, Binions is the run away market leader.

    I would suggest the recipe for success could be very simple:

    A). Have $2 craps with 100X odds
    B). Have $5 hand pitched double deck or even single deck blackjack
    C). Give out good drinks with sexy waitresses
    D). Have a great coffee shop & buffet. Hire chefs and make the food largely from scratch. Get a signature dish that you are known for.
    E). Allow higher limits & wide spreads on the tables
    F). Get a large poker room with great service, wide variety of games, BIG bad beat jackpots and a small rake. Heck, make the rake $2 (first 6 months) and watch the players come flocking in. They will bring their wives & girlfriends & buddies with them. You know some of their money will wind up in slots, BJ & craps tables...
    G). Have clean, basic, CHEAP rooms. Have the basic rooms at $39/night. This would be ESPECIALLY good in MS. Put up billboards 75 miles in either direction. PEOPLE WILL COME FOR THE ROOMS! I bet they might gamble too.
    H). Cut corporate expenses and use the savings to cater to players and build out the business. $600k salary for a money losing microcap is just silly.

    That is my recipe for success.

    Sentiment: Hold

  • Reply to


    by wrgrace88888 Apr 9, 2014 9:48 PM
    dtejd1997 dtejd1997 Jun 27, 2014 8:28 PM Flag


    now we are in murkier waters...

    FLL assets are probably worth something.

    Grand Victoria might be permanently impaired though.

    They are also apparently going to get in a lawsuit over the deposit for Fitzgeralds.

    Gambling is also on the downswing. Young people don't want to have anything to do with it...They also don't have any money after losing it all in school.

    I think FLL could go lower yet. At some point, it will be too cheap. It will attract an activist and current management will get fired. Heck, this could be in the works as we speak.

    I think FLL needs to "batten down the hatches". Focus on running their existing operations right. Build cash flow, judiciously reinvest it, and PAY DOWN THE DEBT. The time for expansion was over YEARS AGO. Focus on existing operations and debt pay down.

    Cut costs too. First place to start is the management suite!

    Sentiment: Hold

  • Hey all:

    I wonder how this stock is NOT a zero?

    The CA AG is hot on their tail....The Department of Education wants them shut down! Senators are hot on their case.

    When your only customer is STEAMED, you are through.

    I think they will be filing "super duper bankruptcy", as per the Simpsons episode...

    Sentiment: Strong Sell

  • dtejd1997 dtejd1997 Jun 20, 2014 10:31 AM Flag

    YES, you make a very good point! Money is typically paid up front as classes start.

    There is just one fly in that ointment...Well over 90% of the money COCO gets is coming directly from the government. Very, very, very few people with any money are going to COCO schools. They are borrowing it all. Thus, the federal government is really their customer.

    Also, pay little mind to the terrible outcomes their students have.

    Pay no mind to the current lawsuits, potential future law suits.

    I would also put little weight into the fact that they have not yet provided requested documents to DOE.

    The allegations of grade changing, attendance falsification, and job outcomes are but trivialities.

    In fact, this could be the buying opportunity of a lifetime! The stock is up STRONGLY today, almost 4%, as it is up a penny.

  • dtejd1997 dtejd1997 Jun 19, 2014 12:19 PM Flag

    whut whut???

    The students will be left behind, even if they do manage to graduate.

    Who runs a business that says, "What we need are some COCO graduates!"

    Their diplomas are not worth the paper they are printed on.

    The only way for students to win the game is to NOT PLAY IT. Just say NO to education!

    Sentiment: Strong Sell

  • dtejd1997 dtejd1997 Jun 19, 2014 11:15 AM Flag

    What property can COCO sell?

    Are you talking about desks & chairs & computers or are you talking about real estate?

    They only own a few parcels of real estate. Some of them are valuable, but in the scheme of things, it is not going to help them much. Simply not enough money in it. Most of their campuses are LEASED.

    They have tremendous off the book liabilities. They are going to have to pay out on the lawsuits. NO DOUBT. The question is if they have to pay out millions, tens of millions, or HUNDREDS of millions. The state AG are going to get paid, no question. The real question is if the students who received defective educations will get paid.

    The best thing that could happen to the vast majority of students at COCO skools is if they were let go. A COCO education is not worth the paper it is written on.

    I will give credit where it is due. Management kept the ball rolling here longer than most people thought...

7.020.00(0.00%)Apr 21 4:00 PMEDT

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