Lorne Steinberg
Yushiro Chemical
5013-JP
TOP PICK
Apr 30, 2013
This is a niche Japanese engineering company. They specialize in chemicals and fluids for metalworking. Things we never think about that are intermediate parts of the manufacturing process. Trading at a steep discount to tangible book value. With the decline in the Japanese yen, this company’s earnings are already starting to rise in a huge way and there could be a doubling of earnings in the next 3 years.
(A Top Pick April 30/13. Up 10.36%.)At the current share price, it is basically selling for its net cash and half of its net cash plus Accounts Receivable so you are getting this electronics company basically for free. This company has huge upside and has just barely started to move.
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This is a niche Japanese engineering company. They specialize in chemicals and fluids for metalworking. Things we never think about that are intermediate parts of the manufacturing process. Trading at a steep discount to tangible book value. With the decline in the Japanese yen, this company’s earnings are already starting to rise in a huge way and there could be a doubling of earnings in the next 3 years.