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Technology Stocks : Nam Tai Elec. (NTAI)

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To: Marc Wester who wrote (1260)3/16/1998 8:01:00 PM
From: mod   of 1696
 
Marc,

If they hadn't issued those shares and warrants and raised all that cash, which they appear to not have any good use for, I agree, the earnings would have looked great! However, the immediate 33% dilution (and another 3 million shares down the road) kills them. Nobody gives you a multiple on CASH, only on EARNINGS. IMHO, I think the stock would be higher if they had never done that wacky offering.

Dennis
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