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Opinions Lorne Steinberg
Nippon Antenna6930.TPAST TOP PICKAug 01, 2018
Lorne SteinbergStock price when the opinion was issued
As of Oct 19, 2019. Market Open.
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Lorne Steinberg(A Top Pick Sep. 7/17, Up 36%) It is an incredibly cheap Japanese business. The company has rebounded. He looks for it to be a double over the next 5 years.
Lorne SteinbergThis is one of those crazy Japanese value stories, where the cash and Accounts Receivable are greater than the entire share price. They have no debt. (See Top Picks.)
Lorne SteinbergThis makes antennas, but at all different technology levels for communication. They have no debt. The share price is less than the amount of cash they have on the balance sheet. Therefore, you are buying the cash at a discount and getting an entire profitable free cash flowing, 3.7% dividend paying company for free.
Lorne Steinberg(A Top Pick Nov 4/14. Down 11.44%.) A leader in antennas. Has no debt and pays a 3.7% dividend. The market cap is less than the net cash after subtracting all liabilities.
Lorne SteinbergThis profitable specialty company that makes antennas, is not just trading at around 10X earnings with a 3.2% dividend yield, but is truly trading for less than its net cash. If they shut it down today and just distributed the cash and gave the company a way, you would still have a profit.
Lorne SteinbergLorne Steinberg
(A Top Pick September 7/17 Up 42 %) This is trading for less than the cash value of the company. If you can withstand the volatility the return will eventually be large. To access this you have to trade through someone who trades the Tokyo exchange.