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China Techfaith Wireless Communication Technology Limited (CNTF)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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2.38+0.03 (+1.28%)
At close: 3:59PM EDT
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  • W
    Wells
    Wells
    Shrinking share float to one million is not a day dream any more, this is possible only because share price has dropped so much so that it is near zero and company has cash to buy back shares. This won't happen automatically, share holders need to write to IR and CEO.
  • W
    Wells
    Wells
    Capital is lifeblood for CEOs. They don't want to use capital anything other than where it is needed, that is, company's growth. In extreme cases like gambling, gamblers scrounge every dollar because they are so sure that they can grow money faster through gambling than any other known way but in reality they end up losing money. I am writing this because we are in extreme situation. Currently, float is only 6.15 million shares, based on what I know about CEO he is not going to wreck the company, investors in this company may disagree with me but I believe that he is an able businessman. In China, wireless businesses are going through survivial of the fittest battle, many have gone under, only the companies with capital will survive the battle, CNTF, no doubt, will be one of victors. Imagine a company with stock float at 1-3 million shares. If CEO wants, he can shrink the float to 1 million shares.
  • J
    Jeffrey B
    Jeffrey B
    I only have the Investors relations email. If anyone has any management and/or Board of Directors emails, or link to the information, please share.

    They've either got to announce buybacks and/or Special Divided before end of year, or lose all credibility.
  • W
    Wells
    Wells
    A lot of investors lost money on this stock. I hope to hear from someone who has corporate legal background as to what we, as investors, can do from here. My understanding is that investors uniformly want our CEO to buy back stocks, he promised that he would consider buying back but "consider" is not same as actually buying back, we also need and want to know how much he wants to buy back. Within next ten days CNTF is likely to receive second tranche that will lead to $100,000,000 cash balance. Are we legally totally helpless or can we as investors take collective actions to compel the compnay to buy back stocks? What are our options? This company is too small for an activist to get involved in proxy fight. If someone takes a leadership he or she is likely to get over 50% of the vote, I know CEO does not have 50% of the outstanding shares. Why a stock with $25 book value and cash at hand leave the stock at $2.40? Isn't CEO responsible for this?
  • J
    Jeffrey B
    Jeffrey B
    Cash per share will exceed $14 a share. They could issue a $2 a share special dividend, and issue a large buyback program. If they were smart ( unfortunately they don't seem to be) they'd issue a buyback for shares as long as the share price is under the book value.
  • W
    Wells
    Wells
    One of these days, before I die, someone will raid this company and walk away with a bundle. One way or other this stock will rise and rise a lot. Look at XIN, many Chinese ADRs are rising fast these days. So called experts were so sure that they massively shorted Yuan as if there was no tomorrow. Hart, Bass and the rest had to live with soaring Yuan lately. Hart finally gave up and admitted that he was wrong. Chinese are not like Koreans or Japanese, Chinese are born business people and they are the best when it coms to saving money and guarding against rainy days. China is doing well and will do better in the coming years. This is why Jim Rogers moved to Singapore and Dalio is planning to expand his investment activity in China. Give some credit to China. Chinese ADR stocks are treated as if they are trash. Where have you seen a stock with book value at $25 selling at $2.50?
  • J
    Jeffrey B
    Jeffrey B
    By the end of September they'll have $100+ million in cash. If they were to make an announcement after the 2nd payment for the sale, what would it be? Dividend? Buy backs? Both? Other?

    - I'd like for the company to pay off all existing debt, and become a debt free company, which would save on interest expenses on future earnings reports.
    - Would love a buy back announced. That they'd be willing to purchase shares, as long as the share price was under the $24+ book value, which would increase EPS when they do hit profitablity next year.
    - Lastly, a $1.00 special dividend for shareholders currently holding.

    Even if they were to do all 3, they'd still have plenty of cash. However, with $14+ a share in cash, I'd be happy if they announced a $10 Special dividend, but that won't happen :-)
  • J
    Jeffrey B
    Jeffrey B
    Not good, but not terrible. Mostly neutral. The conference call had better have some really positive information. They had to take a one time charge of $1.8 million giving them a loss for 1st half of year, but they've started receiving the proceeds from the sale, so more cash coming in.
  • J
    Jeffrey B
    Jeffrey B
    Market Cap = $24.24 million
    Shareholder Equity = $258.72 million

    The share price would have to exceed $24.00 a share to equal what the company is worth.

    C'mon Management you're killing me!!! $144 million proceeds for the sale. You could buy every share for $13.60, and then pay yourselves back with the $144 million = "FREE" company for you.
  • B
    Baird
    Baird

    This is where I find the top NASDAQ & NYSE Trade Ideas ---> www.T0pm@rketgainers.c0m

  • A
    Alan
    Alan
    $3.50 by EOY 2017.
  • J
    Jeffrey B
    Jeffrey B
    Can they one day match their $25+ book value price?

    As much as I like dividends, I love buybacks more. Imagine how many shares they could buy back with $140 million in cash. That's $15+ a share.

    Hopefully the sale proceeds will come in large chunks and not trickle in.
  • T
    Tara
    Tara
    Is CNTF overvalued at current levels? google AWEsome.STOCKS - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
  • A
    Al
    Al
    same old story with this stock...... they tried reverse split to keep it above 1$. everybody that owned the stock at that time is still underwater. shameful company.
  • R
    Roel
    Roel
    I got left holding the bag
  • A
    Anonymous
    Anonymous
    Long Day ... Sold at 3.06 for a small gain
  • A
    Anonymous
    Anonymous
    Can this have one last Pop up ( spike ) for the day or was i wrong?
  • L
    Lip
    Lip
    $LEDS with 500k reports today. Is $LEDS next to run like $CNTF?
  • A
    Anonymous
    Anonymous
    This is going to 150 to 200% Today.
  • A
    Anonymous
    Anonymous
    This should go to 3.40 to 3.70 roughly today... All we need is the shorts to get out and longs to buy. that will make this soar More....!