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Nam Tai Electronics, Inc. Message Board

flipwilson728 1 post  |  Last Activity: Apr 28, 2015 11:16 AM Member since: Sep 20, 2012
  • Reply to

    Repurchase offer for 3 million shares @ $5.50/share

    by koyak23 Apr 28, 2015 7:59 AM
    flipwilson728 flipwilson728 Apr 28, 2015 11:16 AM Flag

    I agree, this is very interesting move. I kind of expected something like this. Stock hitting all time lows as this type of project takes time. The stock market is not patience. This offer is just basically another stock buyback offer that replaces the one that expired last fall. NTP is getting these shares very cheap.

    I wonder if the big holders (Kahn Brothers) will bite on it. I expect not. It the little fish here that usually take the bait.

    Once the permits get issued, things will brighten up. I am in for 6K shares and will hold most likely for 2 more years. Ugh.

NTE
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