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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (26603)4/26/2007 9:49:48 AM
From: Spekulatius  Read Replies (1) of 78918
 
Bought a starter holding in MFG. Another Japanese bank that has hit some potholes lately. PE is around 12 if i believe current earning estimates from management. the chart looks like a black hole but based from what I could find out this bank is not falling apart although the business recovery has ben stalling somewhat.

I also own a losing position in MTU which is a similar bank. If those Japanese banks ever can close the profitability gap to most peers, they are a double or a triple.
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