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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Crossy who wrote (3180)6/11/2002 3:40:08 PM
From: Crossy  Read Replies (1) of 37387
 
re: New Pick 6591.J ... BUY .. Nishishiba Electric ... 160 Yen

this is a member of the Toshiba group of companies that stayed profitable even in the downturn. Price/Sales 0.23, Price/Book 0.75. Stock trading on the 2nd Tokyo market.

Company unexpectantly earned 83 Yen this year (surprise of 1200%). Next year's projection was raised from breakeven to 6 Yen EPS - however a good macroeconomic climate of recovery could materially lift its performance, like in FY2002. If economic recovery continues it could be a major beneficiary of an improved outlook, like this year...

Detailed description: Nishishiba Electric Co., Ltd.. The company is principally a manufacturer of heavy electrical apparatus including generators, emergency power generating systems, co-generation systems, electrical control systems and electrical apparatus and equipment for marine vessels and offshore use. Generators, generating systems and co-generation systems accounted for 43% of fiscal 2001 revenues; electrical apparatus and equipment for marine vessels and offshore use including AC (alternating current) generators, induction motors and ventilators, 30%; electrical control systems including automatic control systems, power electronics applied systems and power distribution/control systems, 15% and other electrical equipment including semiconductor manufacturing systems, air compressors and ray cleaning systems, 12%.

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