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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 (3184)7/12/2002 9:04:39 AM
From: Crossy  Respond to of 37387
 
re: Japan recommendation Topcon (7732.J) - Buy @ 360 Yen

Topcon - ticker is 7732.J - is a major maker of ophtalmologic instrumentation. Very advanced apparatus for use in Lasik, eye-diagnostics and other medical-equipment related to ophtalmology. Then they have an "industrial laser" franchise comparable to Nasdaq: RSTI (rofin Sinar) for applications like laser welding and marking. Plus - and this IS very significant - they also make semiconductor equipment: metrology instruments and scientific instruments like electron-microscope etc.. Very cheap stock: Price/Sales around 0.25. Sales have been growing, EBTIDA margin too. And their after tax earnings forcasts a big swing up for the current fiscal year after some special charges in FY2002 - they are supposed to earn 22 Yen per share in 2003 and the stock trades around 360 Yen right now. Here's the link to their web-presence: www.topcon.co.jp - this is an affiliate of the "Toshiba" group which is the biggest shareholder here. It's also one of my favourites now..

rgrds
CROSSY