Wednesday, November 7, 2012

China Techfaith: An Immensely Undervalued Stock Likely To Go Private

In this article I will argue that smartphone and social gaming developer and distributor China Techfaith Wireless (CNTF) is an immensely undervalued stock, whose value is being almost completely ignored by the market, and, as such, will likely be the next recipient of a "going private" proposal.

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Article Seeking Alpha

I agree with the author that it is heavily undervalued. In 2005 this company was IPO'd by Merrill Lynch, but unfortunately it didn't flourish. They are in a transformation process, so we will see if it leads to results.

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