Last Week Buffett disclosed buying 5 new Japanese Stocks On ...
Last Week Buffett disclosed buying 5 new Japanese Stocks
On Monday Rep. Daniel Goldman disclosed buying $700K of Japanese stocks
These are they Japanese stocks they bought & why they may be bullish on Japan
On Monday Rep. Daniel Goldman disclosed buying $700K of Japanese stocks
These are they Japanese stocks they bought & why they may be bullish on Japan
Here are the 5 stocks Buffett bought:
Mitsubishi Corp $MITSUBISHI CORP(MSBHF.US$
Mitsui & Co $Mitsui (ADR)(MITSY.US$
Itochu Corp $ITOCHU (ADR)(ITOCY.US$
Marubeni Corp $Marubeni (ADR)(MARUY.US$
Sumitomo Corp $Sumitomo (ADR)(SSUMY.US$
“I was confounded that we could buy into these companies. They had in effect an earnings yield ~14%, but dividends would grow.”
Mitsubishi Corp $MITSUBISHI CORP(MSBHF.US$
Mitsui & Co $Mitsui (ADR)(MITSY.US$
Itochu Corp $ITOCHU (ADR)(ITOCY.US$
Marubeni Corp $Marubeni (ADR)(MARUY.US$
Sumitomo Corp $Sumitomo (ADR)(SSUMY.US$
“I was confounded that we could buy into these companies. They had in effect an earnings yield ~14%, but dividends would grow.”
These 5 companies align well with Buffett's investing strategy
- Low P/E
- Highly Diversified
- Strong Cash Flows
- Solid Dividend
“I just thought these were big companies that I understood what they did. Somewhat similar to BK in that they owned lots of different interests”
- Low P/E
- Highly Diversified
- Strong Cash Flows
- Solid Dividend
“I just thought these were big companies that I understood what they did. Somewhat similar to BK in that they owned lots of different interests”
Now onto Rep. Goldman (D)
Since being sworn into office 105 days ago, he's made $20.8M in stock trades
$1.37M of that has been in Japanese stocks
Since being sworn into office 105 days ago, he's made $20.8M in stock trades
$1.37M of that has been in Japanese stocks
Here are the notable buys in his most recent filing from Monday:
$50K - Central Japan Railway $CJPRY - up 2% since
$50K - Dai-ichi Life $DLICY: - up 2% since
$50K - Softbank $SFTBY: - down 2% since
$15K - Mizuho $MFG: - up 7% since
$15K - Nomura Research $NRILY: - up 4% since
$50K - Central Japan Railway $CJPRY - up 2% since
$50K - Dai-ichi Life $DLICY: - up 2% since
$50K - Softbank $SFTBY: - down 2% since
$15K - Mizuho $MFG: - up 7% since
$15K - Nomura Research $NRILY: - up 4% since
Now why Japan?
- The Nikkei 225 is still down from its 52-week highs last summer—and nearly 30% below its 1989 record
- Boring, old school companies focused on cash flow make up the majority of the Nikkei
- The Bank of Japan appears ready to tighten monetary policy
- The Nikkei 225 is still down from its 52-week highs last summer—and nearly 30% below its 1989 record
- Boring, old school companies focused on cash flow make up the majority of the Nikkei
- The Bank of Japan appears ready to tighten monetary policy
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