In what seemed like a crazy year since 2015, this was literally one of the dark horses of my recent purchases. I hesitated to blog about this until the counter went XD today, as it was a risky trade in my opinion, and didn’t want to drag some readers into the ditch at a high price.
As for the reason why I bought it back then? There was really nothing much to go on, except for the hope that the Japanese economy would pick up due to the monetary easing policy, which should prop up its economy. Additionally, I noted that a small portion of their properties were unencumbered, which means that they’re free from loans, which should give them some bargaining power and room for more debt if and when they need to borrow cash. All in all, a great price for a fair company, to put it in ......