Wednesday, March 23, 2011

Japan's Canon (CAJ), (KNM), (KUB), (MKTAY), (MITSY) are Buys

Canon (NYSE:CAJ), Konami (NYSE:KNM), Kubota (NYSE:KUB), Makita (NASDAQ:MKTAY) and Mitsui (NASDAQ:MITSY) are stocks of Japanese companies that need to be taken a serious look at, as before the earthquake the overall Japanese equity market was considered cheap, and afterwards it's even cheaper.

Motley Fool noted, "As Chuck de Lardemelle and Charles de Vaulx, portfolio managers of the top-rated IVA Worldwide and IVA International Funds, observed on March 15, 'in terms of absolute valuation ... the Japanese markets as a % of Japanese GDP, is now close to the lows reached at the major 2003 and 2009 bottoms.'"

Challenges over the last couple of decades in the domestic Japanese market has given the impression that companies from Japan aren't competitive, but that's not true, as evidenced by the companies above which compete on the global level.

You have to separate domestic competitors from global competitors from Japan to get the full picture.

The bottom line is Japan companies are in many cases a buy now, and it is a must that investors take a look at companies from Japan as possibilities to add to their investment portfolios.




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