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
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 $MITSF
Itochu Corp $ITOCHU (ADR)(ITOCY.US$
Marubeni Corp $MARUF
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 $MITSF
Itochu Corp $ITOCHU (ADR)(ITOCY.US$
Marubeni Corp $MARUF
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”
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Some famous words of Buffett. I hope it's useful to you. : )
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charlieprime : hard to understand that, USDJPY is going higher and higher in coming 1-2 years at least, no doubt, japanese gov does not really care that, which will benefit japan export goods to US for more and more dollars. more tourists bring dollars to. why fight the drop down?
in that case, why buffet bought those japanese stocks, stocks increase rate will be ate by yen drop rate. after all , buffet will go 100 years old. maybe he does not care what is going on in next decade? if he want do some really good, he should drop down his insurance company's service charge rather than buy japanese stocks, which really benefit american!