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They are distancing themselves from competition by increasing their influence in American markets. They already own highest market share due to brand loyalty and strong hold over large Asian markets. I can't imagine it would be easy for anyone other than Michelin to challenge them for the top spot and they have recently begun to outpace their profits growths.
They have a motto called passion for excellence. I believe in will stay strong. Also, we love cars right?
Main Corporate based in Japan with 184 subsidiary businesses worldwide lists under ticker 5108T on the Tokyo Exchange. In Tokyo, the stock is undervalued at 2,625 Yen, which - due to the dollar conversion premium of ~20% in favor of the greenback - makes this one of the better value plays around for a strong multinational blue chip.It trades in the US and on Pink Sheets at a significant markup and currently at ~14% below 52 week high. An excellent portfolio anchor, with strong prospects for continued growth due to location of manufacturing and logistics facilities optimally placed to benefit from extended growth in Asia.
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