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China Techfaith (CNTF +12.3%) takes off after SA's Biotech Breakthroughs argues shares are a...

China Techfaith (CNTF +12.3%) takes off after SA's Biotech Breakthroughs argues shares are a bargain in light of the company's $252M net cash balance (over 4x its market cap) and patent portfolio (currently being used in a suit against Samsung). He also notes CEO Defu Dong owns 1/3 of the phone vendor following recent purchases, and raises the possibility Dong could follow the lead of CEOs of other Chinese tech firms with low valuations in making a going-private offer.
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