Espec Corporation (6859.T)

(A Top Pick Jun 02/20, Up 26%) A Japanese company, a leader in test equipment. They are incredibly well positioned without a lot of competition. A global leader. They have zero debt.

Price target: 2,000 Yen An unknown niche Japanese company. Boasts zero debt and pays a near 4% dividend yield. Trades at a very cheap valuation. Creates fine shareholder value.

(A Top Pick Dec 05/18, Up 14%) Trades at a cheap valuation in the cheapest market in the world. Japanese companies pays a higher dividend yield than the S&P 500. Espec delivers strong growth for a Japanese company. Japan has no immigration so growth is zero, but this is slowly changing. Japan has many great industrial businesses. Companies as a whole are starting to buyback shares and raise dividends, prodded by the government (see top picks).

Global Japanese company. Makes equipment to test environmental equipment. Growing revenues around 10% a year, and bottom line by 10-15% a year. On sale. Lots of cash. Amazingly cheap and unique. Yield is 3.1%. (Analysts’ price target is $2800.00)