Forbes (March 21)
2011/ 03/ 23 by jd in Global News
Warren Buffet is not alone in stating Japan presents a “buying opportunity.” Forbes reports “generally bearish Dave Rosenberg wrote in his daily newsletter that the battered Nikkei 225, which plunged 12% last week, ‘may well be the most inexpensive market in the world.’” In the same note he points out that Japan markets are roughly at book value while global markets are twice book value. Moreover, at a P/E multiple of 14.5x, the Nikkei is trading at its cheapest in over 40 years.
Tags: Dave Rosenberg, Japan, Markets, Nikkei, Warren Buffet
