Tonight, Mad Money with Jim Cramer showed
a compilation of
segments where Jim Cramer told "Mad Money" viewers about growth stocks
in Japan.
He still thinks they are poised for growth. He
calls them
his "7
Samurai Stocks". Please note that hoomework must be done when
dealing
with these stocks due to the yen's exchange rates. When this first
aired, Jim noted that "even if these
stocks are all not worth buying right now, he said they will be worth
buying at some point." This could be it.
Mitsubishi
UFJ Financial Group Inc (ADR)
MTU
Toyota
Motor Corporation (ADR)
TM
Honda
Motor Co., Ltd. (ADR)
HMC
Kubota
Corporation (ADR)
KUB
Matsushita
Electric Ind. (ADR)
MC
Kirin
Brewery Company, Ltd. (ADR)
KNBWY
Samauri
#1:
Mitsubishi
UFJ
The first of Cramer's seven samurai is Mitsubishi
UFJ Financial Group Inc (ADR)
MTU
Because Japan is positioned like the US was in '91, Cramer's
says this is a buy. He noted that when real estate bottomed
out in the
US in '91, it was time to buy banks, Citibank in particular.
He says that Mitsubishi is looking just like Citibank was back
then.
But Cramer warned his viewers to be careful as Japanese interest
rates could hurt this stock, but said that over the long term,
Mitsubishi is a compelling story.
Samauri #2:
Kirin
Brewery
The next name on Cramer's seven samurai list is Kirin
Brewery Company, Ltd. (ADR)
KNBWY.
Cramer
is not a beer fan when it comes to stocks, but this company has
developed at soybean based beer that is not subject to the country's
malt tax. SInce the beer was introduced, sales had tripled.
Although Cramer said he is a bear when it comes to American
beer, he believes Kirin Brewery has a hot new product that will send
the stock higher.
Kirin has developed a soybean-based beer that isn't subject to
Japan's "malt tax," and the beer has turned out to be very popular, he
said.
Japan's parliament may be
changing the malt-tax laws to include
soybean-based beer, so Cramer urged his viewers to do their homework
before investing in the stock.
