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

To: El Canadiense who wrote (42233)	4/11/2011 10:39:05 PM
From: Spekulatius	1 Recommendation Read Replies (1) \| Respond to of 78542

Aerofagia - no I am not familiar with any of those, except Yasuhara Chemicals 4957, which I looked at before. This is a terrific list to start research. FWIW, I am not looking at net net only. i like them because they provide a margin of safety. The problem of course is that they may remain net net for a long time. So i think it is better to look for companies that are cheap (and maybe close to being net net) but that have positive factors like: 1) Export oriented business (rather than being bound by the ailing Japanese economy) and/or foreign sales. This is also a nice insurance if the Yen weakens. 2) Shareholder friendly (by Japanese standards) Decent dividend yield and/or stock buybacks 3) Ability to grow business or at least not shrinking 4) Attractive sector, hidden value on balance sheet (subsidaries, real estate) 5) Name recognition (Kirin or Asahi beer for example) I mostly dig around the TSE website, which can be used as a starting point for fundamental research: tse.or.jp If you find a company at 1/2 the book (most book values tend to be tangible in Japan) you probably found one that is close to being a net net as well. FWIW , I don't consider myself knowledgeable with Japanese stocks, i am just the only one looking at them. Fine with me, I like to have little competition and the roads less traveled.