Opinions
Lorne Steinberg
KOA Corporation
6999-JP
PAST TOP PICK
Nov 28, 2017
Stock price when the opinion was issued
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A 75-year-old Japanese company that is the best in the world in some very niche electronic component businesses, like specialized sensors. Like so many Japanese companies, it is trading for basically it’s working capital. You are basically getting the entire business for free. It has no debt. Dividend yield of 3.49%.
(A Top Pick Aug 8/16. Up 148.05%.) Japan is the most undervalued major market in the world. They’ve done a terrible job on the consumer products side, but have done an amazing job with electronic components and equipment. The average smart phone has about a 3rd of the components made by Japanese companies that no one has ever heard of before. This company has been making electronic components for over 50 years. They have zero debt, so they can continually invest in R&D regardless of whether the economy is doing well or not. Thinks earnings are going to quadruple over the next decade. A long-term hold for him.
(A Top Pick Aug 8/16. Up 196%.) A great Japanese electronics component manufacturer. They make specific types of electronic components in manufacturing. His target price for this is about 20% higher than where it is today. Still a Buy.