We bought Tsutsumi Jewelry on 11 Jun 2020 (after publishing Part 2), at JPY 1,844.5 per share.
This morning, we sold our position at JPY 2,403, a profit of 30% and outperforming Japan’s Topix Index by 25% over our investment period.
...If you’ve been following this blog since our launch in May, you might remember reading these articles! In Part 1, we screened for companies that were trading BELOW its “cash minus total liabilities”. This would imply that if such a company was wound up and all liabilities are paid off, shareholders would get paid back a higher value in cash than what the shares are trading at on the stock market. In Part 2, we sifted through the 10 shortlisted companies to find one to buy! That company was Tsutsumi Jewelry. We’ve closed our position on Tsutsumi Jewelry today, so this is the final update for this series.
