UK 08:43 Wednesday, 7 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Until now bear raider Evil Knievil has been the highest profile supporter of Chinese gym shoe producer Naibu (NBU) arguing that on a PE of c1 and yielding 12% the shares were cheap. However I can reveal that he has seen the light and sold out completely.
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Comments
Alan
The problem with Naibu is that it will go bust anytime soon. The CEO or those related deliberately avoided the conference to avoid nasty questions and will continue this tactic. There shouldn’t of been any visa complications as he is in a high earning stable job (a prime requisite for successful visa). Tom will rightly criticize this company to the max, but I can tell you it’s the Naibu CEO is laughing. He must be saying “卸磨杀驴”
Michael
Thanks for getting the price down on Naibu today, gave me a chance to buy in at a 6 month low. Happy to take the 10% annual dividend until you’ve finished shorting it.