Nidec Corp (ADR) (NYSE:NJ)
The Company is a manufacturer of spindle motors for computer hard disk drives and also produces a variety of other small precision brushless DC motors.
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See this dated but still relevant NJ analysis: http://wall-street-for-main-street.blogspot.com/2011/11/nidec-corp-nyse-nj.html
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Way overvalued.
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Japan Bull Market Checklist
Strong Currency...check
Low Exposure to Sub-Prime...check
High savings rate..check
Banks flushed with cash..check
Ability to buy distressed U.S assets..check
Deflationary economy showing sings of ending...check
Japan market ready for takeoff!!
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because it just keeps going down.
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makes spindle motors for computer hard disk drives. Everybody has a computer with a hard drive.
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growing rapidly, dominating their segment, acquiring other companies to extend franchise
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Dominates market for small motors in HDs, computer fans, optical drives
even makes those in the iPods and digital cameras.
Planning to move into midsize motors and electronics in autos and heating/ac motors in homes and buildings
Growth through aquisitions and internal development such as brushess motors
total debt/cash(m) 626/716, FCF 168 m
dividend .06/share, total debt/eq .28
off nearly 20% from most recent highs
Founder and CEO controls 14% of stock
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Fool UK
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