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China TechFaith: We'll Consider Buybacks When We Have Free Cash Flow To Do So
Wednesday, March 30, 2016 - 8:10am | 294Aptus Capital's John Romero pushed China Techfaith Wireless Comm. Tech. Ltd (NASDAQ: CNTF) back in December of last year to initiate a reverse stock split – and the company listened. Shares of China TechFaith have gained around 30 percent since Romero began a dialogue with the company. The...
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EXCLUSIVE: Customer For $30 Million China TechFaith Deal Was Nielsen Audio, New Document Shows
Thursday, March 3, 2016 - 12:59pm | 338Benzinga has heard that according to an obtained document from a JK Value analyst, the customer behind the China Techfaith Wireless Comm. Tech. Ltd (NASDAQ: CNTF) $30 million deal on January 25 was Nielsen Audio Inc. The owner, operator and developer of Chinese commercial real estate properties...
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EXCLUSIVE: Investors See Big Things For China TechFaith
Tuesday, December 15, 2015 - 1:14pm | 679A peculiar trend is forming around many foreign companies over the past several weeks. Facing regulatory pressures to maintain $1 per ADS minimum, many names such as Acorn International, Inc. (NYSE: ATV), China Housing & Land Development, Inc. (NASDAQ: CHLN), and Alon Blue Square Israel Ltd...
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SoFi's Expected $30 Billion IPO Adds Fuel To The Renren Fire
Wednesday, December 2, 2015 - 12:51pm | 459Back in March, Benzinga covered the intrinsic value of fintech investments made by fading Chinese social media company Renren Inc (NYSE: RENN). Among Renren's many investments, its approximate 25 percent stake in SoFi looked to be the most promising, as the company was looking to IPO...
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Value Fund Manager: China Techfaith Priced 'At Dung'
Thursday, October 8, 2015 - 3:02pm | 760According to jkvaluefund, shares of China Techfaith Wireless Comm. Tech. Ltd (NASDAQ: CNTF) are priced "at dung." China Techfaith's stock has lost 53 percent from a year ago and more than 90 percent over the past 10 years. Jkvaluefund noted that the company has over $350 million in assets, but...
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Investors To China TechFaith Wireless: Here's How To Maximize Value
Thursday, October 1, 2015 - 4:06pm | 489Shares of China Techfaith Wireless Comm. Tech. Ltd (NASDAQ: CNTF) have lost more than 55 percent over the past year and nearly 95 percent since its 2005 IPO. Investors John Romero and Patrick Small wrote an open letter to the company's management. The investors argued that shareholders have "...
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Private Investors To Renren: There's 120% Upside If Go-Private Offer Is Rejected
Saturday, September 26, 2015 - 12:28pm | 394Private investors sent a letter to Renren Inc (NYSE: RENN)’s Special Committee, Board of Directors and all of the company’s shareholders on Friday. The letter rejected the outstanding go-private offer from Renren executives. Shares of Renren fell slightly after the letter was...
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Private Investors See Renren Sum-Of-Parts Worth $6 To $7, Call Go-Private Offer 'Offensive And Ludicrous'
Friday, July 24, 2015 - 10:48am | 515In a letter obtained by Benzinga Friday morning, a group of private investors led by John Romero and Patrick Small addressed Renren Inc (NYSE: RENN)'s nonbinding go-private proposal from CEO Joseph Chen and COO James Jian Liu made on June 10, 2015. The investors called the proposal "offensive and...
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What Does Fintech, Chinese Social Media & Kyle Bass Have In Common? Renren
Monday, May 11, 2015 - 11:56am | 1302Renren Inc (NYSE: RENN) began as a burgeoning social media company headed up by Joseph Chen. Considered to be the "Facebook Of China," it struggled to grow and diversify its business from competitors like WeChat. Trying to fight off the gloomy fates of doomed, less dynamic sites such...