Lorne Steinberg
Sanyo Engineering & Construction Inc.
1960-JP
TOP PICK
Mar 26, 2019
Nothing to do with electronics. No debt. Share buybacks. 75% share price is net cash. Specializing in eco-construction. Stock is worth more than double current share price. Yield is 2.86%.
0 debt, $90 Million market cap, $150 million of cash. Involved in electrical facilities, ventilation, and water treatment in new construction. They will benefit from the Catastrophe in Japan. 3% dividend.
(A Top Pick March 25/11. Down 13.06%.) Japanese engineering company that will be a huge beneficiary of the huge rebuild in Japan. Rebuild is taking longer than expected so shares are down. Trading for less than its cash. Still a buy.
(Top Pick Mar 25/11, Down 24.91%) Trading for about half its cash. Prime Minister is about ready to pump money into the Japanese economy, so we should see a huge earnings rebound.
(Top Pick Mar 25/11, Down 14.88%) Perception is that Japan, which they were slow to rebuild, and they are in infrastructure, is slow to roll it out so they should get a good earnings boost over the next 3 years. Trading for less than its working capital and whole company is for free.
(A Top Pick Mar 26/19, Down 14%) A great little Japanese company. It has held up well in a disastrous environment. It is not very economically sensitive due to government contracts. It should do well.