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Technology Stocks : Nam Tai Elec. (NTAI)

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To: blankmind who wrote (1412)5/6/1998 3:25:00 PM
From: mod  Read Replies (1) of 1696
 
blankmind,

Would you pay $2 for a bank account with $1 in it? No, of course not. So why would you pay anything extra for all the cash NTAIF has? (BTW, cash is decreasing, not increasing, since 3/31, as they gave a lot of it to Mr. Koo for some of his shares).

Mr. Koo said on 4/1 that he wouldn't sell any more shares for 3 months. Guess what is going to happen on 7/1 or so?

And where are the acquisitions they raised all that money for? Maybe they need so much time so certain people can buy a business and then resell it to NTAIF at an inflated price? Gee, that couldn't happen, could it?

Dennis
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