The Uguisu Value newsletter, focused on micro-cap and small-cap Japanese stocks, has launched! The first edition features a micro-cap (>$50M <$300M) with a conservative 200%+ upside; an asymmetrical risk/reward profile with multiple value-unlocking catalysts including potential for the editor and private investor, Steven Towns, to engage management/BoD. Steven’s portfolio is highly-concentrated in thoroughly researched deep-conviction equities targeting baseline 2x(+) returns. Each quarterly edition of Uguisu Value will feature one in-depth writeup: such focus comes from Buffett’s “20-hole punch card” mindset and the fact that the best investors tend to have concentrated portfolios. Fluent in Japanese and a specialist in smaller-cap, domestic-demand focused Japanese companies, Steven’s research uses original Japanese language sources, often of companies that have little or no analyst coverage and no English (language) securities filings; all newsletters are published in English. Click for additional details and to subscribe. We look forward to welcoming you as a subscriber.
Japan-focused portfolio performance versus select benchmarks:
2013: 34.1% (40.1% in yen-denomination) | TSE-2: 44.2% | Jasdaq: 87.1% | Nikkei 225: 56.7% |
iShares MSIC Japan ETF (EWJ): 24.2% | WisdomTree Japan Hedged (DXJ): 38.1%
2014: 32.6% (49.1% in yen-denomination) | TSE-2: 23.0% | Jasdaq: 1.9% | Nikkei 225: 7.1% |
iShares MSCI Japan ETF (EWJ): -6.4% | WisdomTree Japan Hedged (DXJ): -1.9%
The Uguisu Value newsletter has been reviewed and is endorsed by:
John Mihaljevic, CFA, and Oliver Mihaljevic of The Manual of Ideas
Guy Spier, Aquamarine Capital —“Excellent thinking and ideas for investing in Japan.”
Nate Tobik, Oddball Stocks —“Steven Towns is an expert on Japanese small caps. If you want exposure to cheap and safe Japanese stocks with a value-bent then Steven’s letter is the ultimate resource.”
Interested in a free copy of the first edition? Email us your name and affiliation (indiv./private investor or company name) and we’ll email you a copy prior to releasing the second edition scheduled for early April. Email: email@example.com.