Tokatsu Holdings Co trades new four-wheel Honda cars from its 9 dealer shops and used cars from another 3 shops, all in Japan. The company also provides maintenance services for cars. The company buys used cars from trade-ins and auctions. Furthermore the company sells car insurance including compulsory liability insurance and provide car loans. In the “Others” business segment the company sells life and non-life insurance in 3 stores and runs a sheet metal painting factory.
What makes you believe that any value will be realized here? The company has been hoarding cash for years now. They have never paid a significant dividend or made a buyback. Seems like a classical value trap to me.
What makes you believe that any value will be realized here? The company has been hoarding cash for years now. They have never paid a significant dividend or made a buyback. Seems like a classical value trap to me.