My Nam Tai Story
Sometimes it is easier to develop an idea in your head than it is to write about it. That is because while you can make a decision to buy a stock on an idea that makes sense, you really can’t write well about it without understanding the story.
My Nam Tai story goes back to a fellow who follows the blog and posts by the moniker DTEJD1997 on the Yahoo! Finance boards and on SeekingAlpha. While I know his real name, he asked that I only refer to him as DTEJD1997 here, so that’s what I will do. Anyways, DTEJD1997 has a nose for finding overlooked value. He was the fellow who also got me onto the idea of Rurban Financial. Obviously that idea worked out extremely well.
DTEJD1997 recommended Nam Tai to me months ago when the stock was $5 but I didn’t get in at the time and it moved from to $10. I didn’t get in because I didn’t really look closely at the story and so I didn’t understand the impact of what he told me.
I didn’t look closely because Nam Tai is a contract manufacturer in China. I worked for a contract manufacturer for a while and so I know its an ugly, low margin business. I was less than enthused to jump into that industry. It’s the old Donald Coxe adage that those who know it best love it least. Read more
Reminiscences of a Stockblogger 