NTE
NTE's News release on Friday is brutal. In short, quarterly revenue stays flat, while its profit margin deteriorates sharply. As a result, 3rd EPS is estimated 20% - 25% lower than the same time period last year. In the meantime, it slashes annual sales growth projection by half from 25% to 12% in year 2007/8.
Shares sank 23% on Friday, closed around $11.5. This stock is too cheap for me to give up (low P/E, high cash position, leader in a competitive market, proven track record, etc) - but it may take a while for the stock/company to recover. For those who are interested in, but not yet taking position, be a little bit patient, I would wait until the stock price stablizes. Also keep an eye on the company shares buyback program.
Shares sank 23% on Friday, closed around $11.5. This stock is too cheap for me to give up (low P/E, high cash position, leader in a competitive market, proven track record, etc) - but it may take a while for the stock/company to recover. For those who are interested in, but not yet taking position, be a little bit patient, I would wait until the stock price stablizes. Also keep an eye on the company shares buyback program.
posted by Siyu LI at
9:45 AM
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