Pilot Corp (7846)

Source: Pilot Corp website

I've taken up drawing lessons of late and this somehow led me to investigate which companies that sell drawing materials are listed. This is because the cost of drawing materials cost a pretty penny and the art and creative industry will never die regardless of the state of the world economy. Creating art is in our blood as after all it has probably been around since the beginning of time. Creating art also means that even if you are a master, you will still need to draw and paint the same subject a few times before you are pleased with it.

From paper to markers to paint, I came to pens which is where I found Pilot Corp and the 1 year stock chart was like it was reaching for the stars! I was shocked that the humble pen that we use daily and carelessly sometimes is like a powerhouse in the stock market. ACCICB was so impressed with the stock chart that he went to read its annual report.

I also started doing research as this is a potential stock that could be added to our portfolio. ACCICB told me that he liked what he read in the annual report of their investments in R&D and how they try to turn a new product such as Frixon into a full range of products from pens to markers etc. I told him that Pilot pens have been increasing in price over the years as I've been buying them on and off ever since I started work. It may seem like just a 10 cents or 20 cents increase once every few years but it all adds up I guess!

Thus the latest dip in stock price of Pilot makes it rather attractive but it's still not low enough for me to enter the market yet. ACCICB was telling me that we had pretty much maxed out our holdings in Japanese stocks so any new additions would have to be an exception rather than the norm. Pilot has a pretty impressive marketing strategy and its brand awareness is awesome but I do notice that there's very little news about the company. Probably because of the nature of the product which is neither hip nor state of the art so it doesn't get much news coverage.

Its more of a flying under the radar stock and it is performing much better than its listed peer Mitsubishi Pencil Co Ltd which owns the Uniball brand of pens and other forms of stationery. Pilot shall join my ever growing watch list of stocks and who knows one day I may even own the stock!

Comments

Post a Comment

Popular posts from this blog

A tale of two stocks

Once in a while say a year or two later, I will be very kaypoh and look at the past stocks that I’ve analysed before just to see how it’s doing. I may or may not have invested or traded in that stock but it just takes one second to click on the link and see the chart. I would have remembered it’s previous price so the current chart can either make me have 3 reactions. Oh chey, it’s the same or not much difference, Wow look at it go to heaven or Wah Kao this one die liao.  For the first reaction I usually just leave the stock be but for the other two reactions, I will go and take a look at my past analysis to see whether I’ve “predicted” it’s future. Two stocks caught my eye as one went to the sky and one straight to hell. Both were similar in the sense that they faced crises except that one managed to turnaround whereas the one in the depths of hell have a long way to go. Let’s start with the one in hell which is  Capita  which I did a sort of write up on in 2014. I last saw it
Read more

Are you exchanging time for money?

Time is the most precious commodity on Earth. Or maybe it should be oxygen because without it we would just die! Assuming that our basic needs are met ensuring our survival, then time is more valuable than money although some may argue that money can be used to buy time. It's true in some situations and not in others. For example, money can help to relieve you of some mundane tasks so that you have more time to do things that you like. But money can't buy you time with your loved ones if their time is up. If you hate your job, you may feel like you are exchanging your time for money especially as you count down the minutes, days, weeks, months or even years to a new job or to a new endeavour that hopefully won't make you dread getting out of bed everyday. Sometimes I think we forget how precious time is and waste it like it is always there. In a way time is like oxygen, we breathe every second until we forget its very existence until it is taken away from us. The tim
Read more

Losing 10% of your net worth

No, that person wasn't me! ACCICB told me he heard of somebody who lost that much last year in the stock market. Regardless of how much the person's net worth was, 10% is a huge amount to lose in a year! I was asked to guess the dollar value of the person's loss and even after 10 guesses, I still didn't hit the magic number!  Let's just say that it is impossible for most people to have that kind of money in a lifetime and the amount lost can feed 10 families comfortably throughout their existence on earth. That conversation triggered off this post as most people have probably already calculated their realised /& unrealised portfolio loss/ net worth loss now that we are in the early days of 2016. Since investing typically means waiting for the value of a stock to appreciate, in such economic doldrums, valuations get slashed and usually so does dividends. I can't help but wonder with the changing nature of the world, valuations would be calculated dif
Read more