About:
Matsushita Electric Industrial Co., Ltd. is a Japan-based manufacturing company engaged in the manufacture and sale of audio and video (AV) equipment, information and communications equipment, home appliances and components and devices, among others. The Company operates in six segments: audiovisual connection (AVC) networks, home appliances, components and devices, Matsushita Electric Works, Ltd. (MEW) and PanaHome, and Victory Company of Japan, Ltd. (JVC) and Others. The Company sells its products through sale subsidiaries and agencies, as well as to government offices and commercial-scale utility customers directly. As of March 31, 2007, Matsushita Electric Industrial has 652 consolidated subsidiaries.
Reasons to buy:
- Technical - on the rebound from year lows.
- Fundamental - comparetively low price-to-sales multiple. Stable price-to-earning multiple. Consensus that earning will grow.
Warning - I have a sympathy for this stock, as I read Matsushita Leadership book by John Kotter
$19.18 (07/12/07)
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