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Earnings were higher than forecast as were sales. Profit margin also increased. It's going to be several months yet before the company really gets cooking. But they are making money and expect things to really pick up by 3rd quarter of next year. Net earnings were roughly what they were a year ago, not something most companies can say.
For a company trading barely above the cash they have in the bank, that ain't bad. Nam Tai is still one of the cheapest stocks trading. It's one of the few companies that's below where it was on January 1st. Rating :
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| Subject | Author | Rating | Time of Post (ET) | ||
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Pretty good report
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winderwonde... | (1 Rating) | 2-Nov-09 08:52 am | ||
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What I like is management honest approach with sha...
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jnbay | Rate it | 2-Nov-09 09:02 am | ||
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Earnings on significant sales decline shows t...
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topline1@sb... | Rate it | 2-Nov-09 09:41 am | ||
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Nam Tai is doing great except for sales....
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alba500 | Rate it | 2-Nov-09 10:45 am | ||
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So you people are happy with this r...
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iseearatith... | (1 Rating) | 2-Nov-09 12:11 pm | ||
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Bleeding??? NTE is making mon...
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alba500 |
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2-Nov-09 12:26 pm | ||
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good post. NTE is a BUY ...
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working_jo_... | Rate it | 2-Nov-09 01:02 pm | ||
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That's why your are short and ...
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jnbay | Rate it | 2-Nov-09 01:41 pm | ||
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They had ONE quarter where the...
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jaretwilson | Rate it | 2-Nov-09 03:46 pm | ||
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Ditto jaretwilson.
They ...
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alba500 | Rate it | 2-Nov-09 04:21 pm | ||
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It should be said that NTE is ...
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hwuns | Rate it | 2-Nov-09 04:27 pm | ||
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hwuns, I tried to point o...
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alba500 | Rate it | 2-Nov-09 09:48 pm |
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