I don't know that I'll ever bring myself to the point of saying "valuation doesn't matter", but companies and stocks like Nidec (NJDCY) (6594.TO) do sometimes push me in that direction. It's tough to see how Nidec is undervalued relative to reasonable expectations, but I believe investors need to at least consider the possibility that Nidec will generate "unreasonable" revenue and profit growth in the coming years on the back of a very strong technology portfolio in electric motors.
In the here and now, Nidec is struggling to meet sell-side earnings expectations, as