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Misc (Tech): Nam Tai Elec. (NTAIF)
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To: SBerglowe (1363 )
From: blankmind Friday, Apr 10 1998 12:20AM ET
Reply # of 1380
Two newsletters like NTAIF - why isn't stock at $50 already?
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4. Blood In Asian Streets Prompts Acquisition Drive (NTAIF)
Thursday, April 9, 1998
A great set of financials, a major buyback and an impending
Asian bottom-fishing expedition are among the reasons why
both value investing sage Al Frank and small-cap expert
Richard Geist list Nam Tai Electronics (NTAIF) as their top
pick for April 1998.
The independent provider of manufacturing services to
original equipment manufacturers (OEM) of popular consumer
electronics products like personal organizers and
calculators counts Texas Instruments, Sharp, Seiko and
Nintendo as major, multi-year customers. Nam Tai also plans
to capitalize on the Asian contagion by using $102 million
in the bank to make some top shelf acquisitions and
investments at bargain prices.
Figures like these speak for themselves: the stock trades at
1.3 times book value, 7.5 times current operating earnings
and 6.3 times cash flow, and provides a 17% return on
equity. Revenues grew 23% in 1997, there's no long-term debt
to speak of, and a rights offering just netted the firm
$47.7 million. Citing all this and more, Al Frank recommends
buying NTAIF "up to $21.60" and Richard Geist recommends
buying "at current levels" as a good long-term play.
For more on these recommendations see the following:
"Stock of the Month," April 1998, The Prudent Speculator. Al
Frank recommends out-of-favor, undervalued stocks trading
for low valuations relative to what he thinks the business
will be worth over the next three to five years.
investools.com
"Highlighted Stocks," April 1998, Richard Geist's Strategic
Investing. Richard Geist integrates psychological aspects of
investing into a methodology for selecting small company
stocks.
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NAM TAI ELECTRONICS INC (NASDAQ: NTAIF) Date: Apr 24
Last Trade
16 3/8
Change
+ 1/16 (+0.38%)
Bid
16 5/16 Ask
16 1/2
Volume
055,3000
Prev.Close
16 5/16 Open
16 5/8
Day Range
16 5/16 - 16 13/16
Last Tick
0Up0
Avg.Volume
0132,3000
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