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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (12868)	7/27/2001 5:01:06 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78680

Forget about drinking that "water" of Wallace's, guys. I'll buy everybody a real beer. Like Kirin Lager. -g- ------------------------------ I hadn't noticed RKY or RKY's drop. Funny you should mention a beer stock just now, Wallace. Near market close today I decided to start an exploratory position in Japan's Kirin (KNBWY). KNBWY also is near an annual low. There are several aspects of Kirin that I like: They are innovative. They distribute beverages in Japan other than their own. (e.g. Budweiser) They are multinational. They appear to very environmentally conscious in their operations. They have a pharmaceutical business and are hooked up with Amgen. They maybe/possibly/I dunno - provide some diversification from the US Market. Beer maybe/I am guessing/I dunno - is a business that might do okay in a punk economy that we're in. finance.yahoo.com Sure looks like RKY could be the better bet. Price has been on a nice rise over the past few years. (I shouldn'ta sold out years and years ago at 16.) Revenue on a nice uptrend. Debt low. Earnings growing (but not increasing every year), and there are dividend increases every year. Mgmt isn't afraid to try new things related to their business - as with their CRTK spin off, for example. My bet on KNBWY is that at some point the stock will trade again closer to its highs than its lows. It's got the beer business, and the negative that comes with Japanese accounting and being within the interlocking Japanese business community. Yet there is a kicker -- if they can click with their pharmaceutical endeavors. I'll have to consider RKY further. Maybe over a cold brew this weekend. Thanks for the idea, Wallace. Paul S.