Best Bargain After Japan Crisis – Hitachi

What has happened in Japan recently is truly devastating. I urge you to do your best to donate and help those in need.

Because of the recent crisis, many Japanese companies have lowered to bargain prices. Japan will rebound, that is definite; the question is, when? Regardless of when the Japanese market rebounds, it is not likely to dip much more than it already has. From the companies whose prices have dropped, I find Hitachi to be the best bargain. I am not saying to buy the company on sound fundamentals; in fact, lots of things go against the debate to buy Hitachi. For example, it often falls to its numerous competitors. In addition, it has been in loss for the last four years (money.cnn.com). However, the stock has dropped to 49, and with a 5.49 EPS, the P/E comes out to about 9. The stock has fallen more than 10 percent, with a price around 60 at the beginning of March. I recommend putting a limit order of 49.30 (don’t get too greedy and miss the opportunity!). Hit That Bull’s Eye!