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Technology Stocks : Nam Tai Elec. (NTAI)

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To: mod who wrote (1248)3/16/1998 6:31:00 PM
From: Marc Wester  Read Replies (1) of 1696
 
If you look at income from operations only, you see a qtr 97 to qtr 98 growth of 45.8% and a year 97 to year 98 growth of 123%. This is not reflective of a company with a PE under 5. Many companies complained of the Asian problems this last quarter yet NTAIF still had sequential growth. I think the fundamentals look quite appealing at this point. The large cash position does generate income too. They also said that this cash would be used for some types of acquisitions WITHIN 6 months. We'll probably see some appreciation from this point.
Marc
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