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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: Crimson Ghost who wrote (3579)12/2/2003 8:22:14 PM
From: Crossy  Read Replies (1) of 3902
 
re: Asahi Softdrinks 2598.J - Very strong open, 52wk High - now at Y-650

Well, portfolio position Asahi Softdrinks (2598.J) today surged at the open to 650 Yen - another 52 week high. The data is just too good to ignore this company. Turnaround completed (2003 EPS Y15est., 2004 EPS Y80 conensus). Gross margin north of 60% (compare to US counterparts - they have only 30%). Price to Sale (PSR) only 0.15. Big Asian growth opportunities. Most demanding market in the world (Japan), A couple of hot new introductions that were greeted with instant success by customers. To me a stock price under 1000 yen is clearly a steal.

quote.yahoo.co.jp
bigcharts.marketwatch.com

all the best
CROSSY
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