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Strategies & Market Trends : Value Investing

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WIND FALL
To: WIND FALL who wrote (74905)1/23/2024 10:56:47 AM
From: Paul Senior1 Recommendation  Read Replies (2) of 78732
 
Replying: I see Japanese companies as value traps for me.

I've bought the big trading houses in the past (Buffett's buys recently), and never did well.

About ten years ago it dawned on me that most Japanese are not in the Japanese stock market and/or do not buy shares of Japanese companies, so why am I in there buying (and holding)? It's changed by now somewhat: "Japanese households put an average of just 11% of their savings into stocks and 54% in cash and bank deposits, according to Bank of Japan data released last month. 9/2023." Still not much of a positive for me.

I recently removed Fanuc (automation specialist) from my watch list. Company seems to be slower than new arrivals in factory automation.

As for Japanese-domiciled stocks, I beiieve I hold only Nintendo (NTDOY, a few tracking shares) and only have PCRFY (Panasonic. Battery maker for Toyota) on my watch list. Been in and out; I might dabble here again.
finance.yahoo.com
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