I have fond memories of Nam Tai Electronics (NTE),
as the shares did very well for me from late 2002 to early 2003 when
the company was still an assembler of "knock-down" cell phone kits. I do
like to occasionally check in on past winners, and while Nam Tai was a
little "different" even then, the company has chosen to go in a
radically different direction.
With apparently only limited desire
to continue competing in the electronic manufacturing/assembly space,
Nam Tai is basically running off its liquid crystal display module (LCM)
assembly business and putting its eggs in the real estate development
basket. While Nam Tai's real estate assets likely do have meaningful
value, the company's apparent preference to develop rather than sell
means investors could be looking at a long wait before recognizing that
value, let alone dealing with the vagaries of the Chinese real estate
market.
Click here to continue to the full piece:
The Strange Story At Nam Tai Will Go On
No comments:
Post a Comment