mcw vs bjt, page-2

BJT have up their sleeve, that their lenders are mostly all in japan, so would think that as their int cover is quite high, can use increased int rates at the negotiating table extend and modify the terms of their loans.

if you want to operate this business, this product, on leverage, makes sense to go where the cost of money is the cheapest, and operate in their currency, and not be subject to currency x change on your int cover.

2 percent or there abouts i recall.

they were my no.2 pick after MDT. I hold both.

Its about debt covenents with these, thats where you really need to do your comparisons, and feel comfortable that the NTA, has the room to move, to liquidate assets or there is a sufficient negotiating position to extend terms.

Thats the risk, weigh that with the eps, dps, and where it'll be in 12-24 months.

The fact that they are still paying divs, is a sign of fundemental strength, that won me over.

cheers