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Nam Tai Electronics, Inc. Message Board

smkros 4 posts  |  Last Activity: Jun 30, 2014 8:50 AM Member since: Oct 27, 2011
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  • Reply to

    Confidence from Dividend Payment

    by smkros Jun 27, 2014 1:00 PM
    smkros smkros Jun 30, 2014 8:50 AM Flag

    Both CCCL and LIWA were reverse mergers, which puts them into an entirely different category of "suspicous" in my mind. There have been no frauds of an IPO'd US listed Chinese company that has also paid a divident.

  • There has not been a single instance of proven or even credibly suspected fraud by a US listed Chinese company that has paid a dividend (I believe). With the confirmed payment of a 10% special dvidend, I would have thought the market's discounting of fraud risk (the probability that ZA is a fraudulent company) would have changed meaningfully and the stock would have rallied.

    Is the market just slow to react to the information or are there other issues that warrant the ridiculously low valuation?

    Sentiment: Buy

  • smkros by smkros Jan 28, 2014 11:48 AM Flag

    At less than $6 per share you are basically getting all of the land NTE owns in Shenzhen for free. There are development risks, entitlement risks, political risks, currency risks, construction risks, etc., but the land is certainly available at the right price. I know management doesn't have any real estate development experience, but that can basically be mitigated by hiring one person who does.

    I agree the money may be dead for awhile, but if someone is going to offer to give me a couple of infill land parcels in Shenzhen, I will gladly take them.

    It'll be very interesting to see how they do selling the Wuxi facility.

    Sentiment: Strong Buy

  • Reply to

    Your favourite chinese stocks?

    by olssongustav Nov 18, 2013 4:17 AM
    smkros smkros Nov 18, 2013 3:18 PM Flag

    I like ACTS. It trades at a negative enterprise value and management has been buying back as many shares as possible over the last couple of years. On the last two cc's they've mentioned doing a tender offer to buy back a bigger chunk of shares since the daily volume restricts how much they can purchase. The best thing about the company is it seems to be gaining good traction with its new product line of SOC's for the tablet market. The negative is every semi company in the world is targeting the same market so it's way too early to tell if they'll make any money from it. Regardless, the company is worth more than its current enterprise value of -$12 million.

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