Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (3895)	3/14/2012 1:48:16 PM
From: Crossy	Read Replies (1) \| Respond to of 3902

Julius imho single stocks are much more attractive in the case of Japan, especially as the recovery story is directly and indirectly benefitting only a select set of companies. What is more, secondary stocks are smaller and have takeover appeal that the primary contenders are lacking - valuation also tends to be much better. So far I took a position in the following, lesser known semiconductor stocks: 6844.J - Shindengen Electric (somewhat similar to IRF) ... Price/Sales below 0.30 6707.J - Sanken Electric (similar from its product line to ONNN and FCS) ... Price/Sales around 0.3 Here is a link to the respective japanese quotes stocks.finance.yahoo.co.jp PSR is a good metric if you compare companies from a single industry. One caveat is indebtedness but debt levels of most japanese semiconductor stocks are also in line with average. The better known semiconductor stocks are much less pure plays and much too diversified to be focus plays: 3407.J - Asahi Kasei - semis less than 20% of revenue Mitsubishi Electirc - less than 20% of revenue Yamaha - semiconductors are a tiny part of revenue looking at others still CROSSY