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Nam Tai Electronics, Inc. Message Board

smkros 3 posts  |  Last Activity: Feb 17, 2015 8:23 AM Member since: Oct 27, 2011
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  • 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.

  • 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

  • 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.

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