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NJDCY - Nidec Is A Name To Watch When Industrials Cool
Nihon Densan Kabushiki Kaisha ADR
Nidec (OTCPK:NJDCY) (6594.T) has participated in the global industrials rally that has also benefited names like Yaskawa (OTCPK:YASKY) and Fanuc (OTCPK:FANUY), with the same basic result – although Nidec has a bright future as it looks to transition its business to new growth opportunities in EVs, appliances, and industrial motors and controls, the recent rally has already factored in a strong rebound in the underlying business. I’m still bullish on the company, but it’s harder to argue for the stock after the 20%-plus rally since my last update and