Valuable Insights
Long/short equity, special situations, value, tech

Nam Tai Shares Could Triple Despite Apple's Issues

For owners of Apple-related stocks, the last two weeks have been torture. First shares were purged following the Nikkei Newswire reporting on iPhone component order reductions and Reuters reporting Sharp had halted iPad production. Last night shares sold off in sympathy with Apple's dismal outlook. However, we could not be more excited about these developments. We were given the opportunity to buy shares of Nam Tai (NTE) at prices we never expected to be possible. Despite potential near-term inventory adjustments with Apple, we believe shares of Nam Tai can triple this year. Shares trade at 4x and 2.5x our 2013 and 2014 EPS estimates (ex-cash), respectively - using what we believe are conservative estimates. Nam Tai has multiple catalysts and...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details