Fanuc Corporation

[BlueKelah]

This is a very good japanese blue chip to be vested in when the time is right. After the stock rocketed up last year after being targeted by Loeb, it has since come down to more attractive levels.

As it is the top global maker of Robots that are used widely manufacturing industry factories, this companies revenues/sales are also a good barometer of global investment in new manufacturing IMHO.

Good to keep an eye on this one

Enjoy peeps.

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Loeb Prevails in Latest Crusade to Reform Corporate Japan

[Loeb has emerged as one of Japan Inc.’s most frequent activists in recent years, having targeted companies as diverse as Suzuki Motor Corp., robot maker Fanuc Corp., Sony Corp. and jet-engine maker IHI Corp. He’s had mixed success in getting the companies to bend to his will. Third Point offloaded its stake in Sony less than two years ago after failing to convince the company to sell part of its entertainment unit.
Last year, Loeb challenged Fanuc to use some of the $8.5 billion in cash sitting idle on its balance sheet to buy back more shares. The company lifted its dividend and boosted its payout ratio in what a Goldman Sachs Group Inc. analyst said was “a big positive surprise.”
In challenging Seven & i over its management succession plans, which Loeb 
in his March letter said “appear grounded in nepotism,” the investor went after one of the nation’s most ubiquitous retailing brands.]