Juan Matienzo of Mercor Investment Group presented his investment theses on Kikukawa Enterprise (TSE: 6346), Sonocom (Japan: 7902), and GigaMedia (US: GIGM) at Best Ideas 2022.
Kikukawa is a Japanese company that makes wood sawing machines. It has a long history of profitability, and trades at a discount to cash minus all liabilities.
Sonocom is a Japanese company that makes screen printing plates. It is profitable and trades below a conservative estimate of liquidation value.
GigaMedia has a business that has long been insubstantial and unprofitable, but the company trades at a large discount to cash minus all liabilities.
Listen to this session:
slide presentation audio recording
About the instructor:
Juan F. Matienzo is the Managing Partner of Mercor Investment Group, where he is responsible for the portfolio. Juan follows deep value principles, and prefers companies that trade for less than liquidating value. He is also an amateur painter. He has a BBA and a Master of Clinical Psychology from UDLAP, and an MBA from the Harvard Business School.
About The Author: MOI Global Editorial Team
The MOI Global Editorial Team, led by John Mihaljevic, CFA, includes community builders, event organizers, writers, editors, research associates, security analysts, and fanatical member support advocates. Our sole purpose is to serve the members of MOI Global as well as we possibly can in order to help them learn, invest intelligently, and build lifelong friendships with like-minded people.
Who is MOI Global? In recent years, The Manual of Ideas has expanded to become more than simply “the very best investing newsletter on the planet” (Mohnish Pabrai). We are now a thriving global community of intelligent investors, connected through great ideas, thought-provoking interviews, online conferences, live member events, and much more.
Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. Members also enjoy preferential access to selected offline events as well as exclusive access to other events hosted by MOI Global, including the Zurich Project Summit, the Latticework Conference, and Ideaweek.
More posts by MOI Global Editorial Team