SDVKY - A Sharp Downturn In China Seizing Up Nidec's Growth Engine
Evidence continues to mount that conditions in China, and to a lesser extent other regions around the world, are not good. Nidec (OTCPK:NJDCY) (6594.T) has seen a withering decline in auto business in the last couple of quarters, with weakness spreading beyond autos into consumer appliances and various industrial markets. At the same time, though, Nidec continues to build for its future — globalizing its production capabilities and logging significant inquiries for its electric vehicle traction motors.
Nidec isn’t quite as cheap as I might wish, and I think this macro malaise could