Nam Tai Elec. (NTAI) Message Board

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Technology Stocks : Nam Tai Elec. (NTAI)

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To: Ron Bower who wrote (1325)	4/2/1998 5:28:00 PM
From: mod	of 1696

<<Wonder who bought the shares?>> Must have been an idiot, since they have lost $725k overnight. Anybody should have known that the insider selling would hurt the price, and therefore demanded a large discount to the market price to buy such a large block. There is only one group I know who could have done such a dumb thing. The shareholders of Nam Tai. Yes, if you own Nam Tai, you just overpaid the CEO by $725k for his shares. By selling yesterday, he does miss the dividend, so the shareholders save $40k, for a net cost of $665k or so. Also, that purchase probably used up the rest of the authorized stock buyback, so that support for the stock is now gone. Dennis

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