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Strategies & Market Trends : Low Price/Cash Ratio Value Stocks -- Ignore unavailable to you. Want to Upgrade?

To: stock leader who wrote (1384)	2/9/2009 10:27:39 AM
From: Elroy	Read Replies (1) \| Respond to of 1931

NTE has over $5 net cash, although about half of it is parked in China and can't be taken out easily. finance.yahoo.com Despite current economic conditions, Nam Tai's financial position remains strong with $237.0 million cash on hand, out of which $129.3 million was in the subsidiaries of NTEEP (a subsidiary of the Company listed on the Hong Kong Stock Exchange (Stock Code: 2633)) and was mainly located in the People's Republic of China (the "PRC"). Such cash is, accordingly, restricted from use outside of the PRC under its tight currency control policy. Net cash provided by operating activities in the fourth quarter was $11.7 million. During the fourth quarter, the Company made capital expenditures of $13.9 million and paid cash dividends of $9.9 million to shareholders.