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Technology Stocks : Nam Tai Elec. (NTAI) -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (1239)	3/15/1998 8:37:00 AM
From: Joe Dancy	Read Replies (3) \| Respond to of 1696

Scanning my last Barron's I noticed Nam Tai has issued warrants - three year warrants to purchase one share at $20.50 - warrants are going for $2 or so and stock is now around $15 but has been as high as $30 in the last 52 weeks - if Barron's is correct sports a PE of 6. Warrants have 2 1/2 years + to run so you can hold this dog until it turns into a princess. My problem here is that they just replaced CFO and it has a lot of China exposure - which could be very good or very bad depending on what happens to that economy (Business Week just had an issue on China and the outlook). My thinking here is that the warrants may get cheaper if Asia problems flare as they are prone to do. Any Nam Tai followers have an opinion on the company at this price and the warrants? Best - Joe