03-18-2011, 04:42 PM
I've bought large into TM (Toyota) and HIT (Hatachi) this week.
For HIT I covered the purchase with $40 July puts so covering if the stock drops 20% from its $48 level. HIT dropped large due to the fact that some of the equipment in the nuclear power plants is from HIT. However when I looked at the last quarterly report, only about 8% of their revenue is from the power systems and nuclear is only a portion of that. These guys were trading at low $60 and staged to go higher prior to the Japan events.
So at $48, there is some good movement possibilities. The only open question for me is how damaged is there buildings in the effected area's. Same question / risk for TM. My gut is when the power plant stuff is behind them, business will start to ramp back to normal. FYI I bought the stock and not options or leaps cause its a Long buy, or at least until they hit around 20%.
For HIT I covered the purchase with $40 July puts so covering if the stock drops 20% from its $48 level. HIT dropped large due to the fact that some of the equipment in the nuclear power plants is from HIT. However when I looked at the last quarterly report, only about 8% of their revenue is from the power systems and nuclear is only a portion of that. These guys were trading at low $60 and staged to go higher prior to the Japan events.
So at $48, there is some good movement possibilities. The only open question for me is how damaged is there buildings in the effected area's. Same question / risk for TM. My gut is when the power plant stuff is behind them, business will start to ramp back to normal. FYI I bought the stock and not options or leaps cause its a Long buy, or at least until they hit around 20%.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
![[Image: maull2.gif]](http://bengtel.com/maull2.gif)
"If you want to change the world, be that change."
--Gandhi