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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (3908)	4/24/1998 6:32:00 PM
From: Allen Furlan	Read Replies (1) \| Respond to of 78464

Paul I know you once did research on Auto Finance Companies. Did that include National Auto Credit, now listed as nakd? I can not find the news on the recent collapse. Company investor relations cannot provide much except that the auditors still have much more to do. Their package to me consisted of 1997 10K and of course 10Qs available in Edgar are probably fiction. However Chairman owns 55% and company is still viable(ie they answer their phones). If only 75% of their 1997 worth evaporates thru the recent debacle, they will be worth more than the current market price. I am going to keep sniffing around but wondered whether you are familiar with the situation.

To: Paul Senior who wrote (3908)	4/25/1998 7:40:00 AM
From: SBerglowe	Read Replies (1) \| Respond to of 78464

No matter what the market does Namtai could have a big future. I just reinstated a full position after exiting INTC and RNWK quite successfully. Can you imagine trading INTC forNTAIF?? It seems insane. However, the big cap stocks have had such a run...the PE's are stout. I calculate NTAIF's downside here to be minimal and the upside could be enormous. All they would have to do is announce a new contract etc. I remember when they announced they were going to be manufacturing for Nintendo. The stock went from 13 to 27. Namtai will prove rewarding to the patient investor.