1. NTAIF has a cash of $9.13 per share, at $16, you pay only $ 6.87 per share (16-9.13). Take off the one time gain, the stock still has a EPS of $ 2.00 for 1997, which gives us a trailing PE 0f 3.43.
2. 4Q for 97 has a flat sale, but the operating income increased by 44% from $2432T to $3503T while cost of sale decreased from 24m to 22.6 m, and SGA expense from $3.17 to$3m. The only expense increased is RD from$ .291m to $ .835m, which should be viewed as possitive.
3. The co has a very strong financial position, esp. the 100m cash. In time like this in Asia, it will work to the advantage of the co.
4. The last few months, the co has been trying to do things for the share holders, like
share repurchasing , holding conference call, arranging analysts tour to the co, communicating to the shareholders thru email.
5. I think this Q's statement is much clearer than before though there is still some details lacking. |
