Some interesting SA blogposts on NQ

[tradestar2012]

Short position

http://seekingalpha.com/instablog/948804...urce=kizur

Rebuttal

http://seekingalpha.com/instablog/835848...urce=kizur

Excellent rebuttal by Toro btw. The short piece was reminiscent of the FJE Research piece put out in December of last year. eg. Recently created account, no history of posts, same attempt on yahoo message boards, weak analysis. I guess the use of instablog instead of a formal submission is how they plan to get around any review scrutiny by SA.

[admin]

Thanks for that. Short and distort seems to be alive and kicking, but not very well. These Toro guys do have considerable heft, I have to say..
One would have thought that the America Movil deal would have put an end to this stuff, but apparently it doen't keep people from trying. Pretty weak stuff though.

[doublebagger448]

Short position

http://seekingalpha.com/instablog/948804...urce=kizur

Rebuttal

http://seekingalpha.com/instablog/835848...urce=kizur

Excellent rebuttal by Toro btw. The short piece was reminiscent of the FJE Research piece put out in December of last year. eg. Recently created account, no history of posts, same attempt on yahoo message boards, weak analysis. I guess the use of instablog instead of a formal submission is how they plan to get around any review scrutiny by SA.

The Toro guys are extremely well connected in China and super smart.  The head of Toro used to be at TPG and wanted to invest in NQ pre-IPO.  NQ did not have enough revenue at the time.  3 years later, he is running his own hedge fund and spent several months in China doing due diligence on NQ.  He is Chinese.  He is convinced NQ is at least a triple from here within 12 months.  Valuation easily supports that.

[doublebagger448]

Short position

http://seekingalpha.com/instablog/948804...urce=kizur

Rebuttal

http://seekingalpha.com/instablog/835848...urce=kizur

Excellent rebuttal by Toro btw. The short piece was reminiscent of the FJE Research piece put out in December of last year. eg. Recently created account, no history of posts, same attempt on yahoo message boards, weak analysis. I guess the use of instablog instead of a formal submission is how they plan to get around any review scrutiny by SA.

The Toro guys are extremely well connected in China and super smart.  The head of Toro used to be at TPG and wanted to invest in NQ pre-IPO.  NQ did not have enough revenue at the time.  3 years later, he is running his own hedge fund and spent several months in China doing due diligence on NQ.  He is Chinese.  He is convinced NQ is at least a triple from here within 12 months.  Valuation easily supports that.

[SamAdams]

Excellent piece I agree by Toro.  It still amazes me how vague many shorts are, not just in this name, yet still scare many into selling.  Omar Kahn is impressive, well-connected, and trustworthy.  I have met him and the CFO Suhai Ji several times.  Suhai is very sharp.  Very solid management team.  The CFO has a full day of institutional investor meetings tomorrow as part of a non-deal roadshow.  No explanation for today's action.