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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (3183)	7/12/2002 9:03:18 AM
From: Crossy	Read Replies (1) \| Respond to of 37387

re: Japan - for the record NIEC (6974.J) www.niec.co.jp a globally organized maker of power semiconductors was finally initiated coverage on, by 2 japanese brokerage houses. I wrote it up around 250 Yen. It's now around 320 Yen. Here's the nice proof: one "Strong Buy" and one "Buy". exp. EPS for FY2003 is 28 Yen, for FY2004 is 26 Yen - means forward PE around 11.4 and PSR still under 0.30. It's funny that it took the herd so long to realize this gem in front of us all. Bear in mind that power semis (IRF, SYXI, APTI, POWI, ONNN, CREE, etc.) is a booming area right now due to its proximity to consumer electronics providing a nice baseline for high-precision low power sources plus the materially improving industrial market demanding high-voltage & high-power expertise which is in short supply and once humming again, commands nice $$$$. All those thyristors, triacs, schottky-barrier diodes, FREDs, rectifiers are back en vogue. No "Moore's law" here, no "integration" required but other expertise is critical here (you can read Huber-Mill's report of the "Powercosm" as a good source of info). And NIEC is right within. Yesterday I also bought ONNN in the US after they upped guidance to cash-flow positive this quarter. This stock was up today. Incredible.. rgrds CROSSY