$5.29 -0.10 (-1.86%)
12/3/2009 3:59 PM

Nam Tai Electronics, Inc. (NTE)

CAPS Rating: 5 out of 5

An electronics manufacturing and design services provider to a select group of the OEMs of telecommunications and consumer electronic products.

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1
Member Avatar MJKpayday (98.18) Submitted: 5/11/2008 9:08:04 AM : Outperform Start Price: $9.65 NTE Score: -27.03

How do you say cheap cell phone in chinese? Answer: NamTai. The company, NamTai, is also pretty cheap at about 1.5 times tangible book value and under 6 (PE) times earnings. Why so cheap? Everyone is worried about competition and that's reasonable, it'll always be there with this company. BUT, for the last 6 years revenue and income has been increasing and the company has always been profitable. Turns out NamTai is a homonym in Chinese, which also means 'beating the market make happy investor'

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