atans1

Jap stocks cont’d trading below book value

In Accounting, Financial competency, Japan on 17/09/2012 at 7:06 am
On Wednesday last week “the broad Topix index closed at 0.89 times book value, a whisker away from its widest discount to the MSCI World for five years, and near its lowest level relative to the S&P 500 for almost eight years,” reported the FT.
 
What is cheap can stay cheap. But do remember that in the 1950s and 1960s, a few ang mohs bot Jap stocks because they were very cheap by Western standards. They became investment legends.
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