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Nam Tai Electronics, Inc. Message Board

smkros 6 posts  |  Last Activity: Feb 17, 2015 8:23 AM Member since: Oct 27, 2011
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  • smkros smkros Feb 17, 2015 8:23 AM Flag

    It's true the business outlook sure doesn't look good and the dividend cut is confirmation of that. However, the question I'm intrigued by is why is the chairman buying so many shares on his own account when the business outlook is so dim? As the saying goes, there are a lot of reasons why an insider may sell but only one reason why they would buy.

    My hope is that they've decided to wind down the business and then liquidate the assets.

  • smkros smkros Feb 13, 2015 2:49 PM Flag

    The chairman added an additional 69k shares since mid-December. He has now purchased over a million shares since the beginning of April, 2014. In that time period a total of 5 million shares have traded, which means his purchases have accounted for 20% of the total volume.

    Sentiment: Strong Buy

  • Reply to

    prior owner

    by talbert744 Jan 4, 2015 11:57 AM
    smkros smkros Jan 5, 2015 1:53 PM Flag

    The Chairman of the Board has increased his stake in the company from 10% to 18% over the last 6 months with open market purchases. He bought in the $2.00 to $2.20 range. The stock has been that low before, so his purchases may be an indication that something is in the works now. The company is also about a month late in reporting its fiscal second quarter results.

  • Reply to

    Takeover Target

    by smkros Sep 24, 2014 9:06 AM
    smkros smkros Sep 24, 2014 11:34 AM Flag

    Because roughly 30% of the company shares were tendered at $2.50. To buy a majority of the outstanding shares, you could presume a higher price would be needed.

  • With so many shares being tendered at $2.50, you have to wonder if that caught the eye of a private equity company or a larger chip company looking for an acquisition. I bet a $3 to $3.50 offer could buy enough of the company to take it private.

  • Reply to

    Nam Tai Valuation

    by queen_anne_22 Sep 16, 2014 10:56 AM
    smkros smkros Sep 22, 2014 12:21 PM Flag

    I know the land is worth much more than $0. I am a buyer today and will back up the truck if price falls below $6. Owning or having control of a transferrable long term land lease for infill real estate in a city like Shenzhen is kind of a dream come true for me. It's like my long lost Chinese uncle I didn't even know existed died and left me a great piece of real estate in his will.

    I see on google earth that there is about a 7.5 acre parcel just south of Nam Tai's land that has been redeveloped into a high rise complex since 2010 - probably residential. Google Earth allows you to see past satellite images. You can see the property is under construction in 2011 and finished by 11/2012. I would love to get the land comp for this if anyone has it. I take this as validation that redevelopment in the area is underway.

    If you're interested, the parcel I'm writing about is at 22 degrees, 36' 16.64" North and 113 degrees 51'24.59" East.

    Sentiment: Strong Buy

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