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

To: Spekulatius who wrote (42105)	4/1/2011 10:19:00 AM
From: Madharry	Read Replies (1) \| Respond to of 78549

from what i have read about japanese small caps i am leery of investing in them but good luck with it. i did have some success with the one japanese company i purchased and mentioned on this thread which had an investment in wynn which at the time was way more than the market cap of the company and i managed to cash out before the big downturn. that has been my sole experience with a japanese stock. I have subsequently read that these net net situations in japan can last for decades because the japanese care even less about their shareholder than u.s. managements do and there is less ability to effect change in japan than in the United States. hostile takeovers and shareholder activiesm barely exist over there.

To: Spekulatius who wrote (42105)	4/1/2011 5:02:56 PM
From: rllee	Respond to of 78549

Japan stocks - Now that you have poked interest in Japanese smallcaps, another one that is also in the pump manufacturing business is Tsurumi Manufacturing which was mentioned as a buy a Japan Value Fund manger in the 3/25 issue of Barrons. I have not done any research on this one myself since I do not read Japanese but it was reported to be selling at 50% of book value by the fund manager. The Japanese stock symbol is JP.6352 jp.moneycentral.msn.com Another one mentioned was a construction equipment company that might bode well for reconstruction of the recent tsunami disaster damage. This one is selling at 30% of book value. The symbol is JP.8125 jp.moneycentral.msn.com Again I have done any research in this one. Not sure if this one is a mid or large cap.

To: Spekulatius who wrote (42105)	4/26/2011 2:30:27 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78549

re DMW , Tsurumi Pump 6365.T @564Y . Sold my DMW shares which came back somewhat and flipped it into Tsurumi Pump (mentioned in this Barrons article posted by rlee here. Similar business but Tsurumi's near term outlook seemed a bit better. This company is loaded with cash as well: moneycentral.msn.com Market cap is 15.7 B Yen, which appears to be covered by Current assets- current liabilities (net-net). This does not take into account the 8BYen in LT investments, which I think are some cross shareholdings in affiliated companies. Again this is a Microcap with ~200M$ (equivalent) market cap, not quite as dinky as DMW though.