Saturday, March 26, 2011

Nidec Corporation Inc(NYSE:NJ)

Nidec Corporation Inc(NYSE:NJ) is the world's number 1 in the manufacture of precision comprehensive drives technology with worldwide offices . Research & Developemnt Offices:- 1) Singapore,Loyang Way. 2)Vietnam,Saigon Hi-Tech Park. 3) China,Dalian Economic & Technical Zone. 4)Taiwan,Tapei Production: 1)Thailand,Wangnoi district in Ayuthhaya Province & Bangkadi Industrial Park in Patthumthani Province. 2)Thailand,Rojana Industrial Park in Ayutthaya & Rangsit Factory near Bangkok.Also at Rayong. 3)Pinghu Economic Development Zone, Pinghu City, Zhejiang. The Peoples Republic of China. 4)P.T. NIDEC INDONESIA,in the Riau Province. 5)NIDEC PHILIPPINES CORPORATION, Laguna Technopark Special Economic Zone, Binan, Laguna and Subic Techno Park in The Philippines. 6)Vietnam ,Saigon Hi-Tech Park and Quang Minh Industrial Zone, Me Linh District, Hanoi 7)NIDEC COPAL (MALAYSIA) SDN. BHD.,Nilai Industrial Estate. LONGMONT OFFICE in the United States of America is the R&D CENTER at Colorado while headquarter is at Braintree and office in Torrington,Connecticut. Main Products: 1) manufactures ultra-high-precision pivot assemblies, which support the control arms governing the subtle movement of HDD read/write heads. 2)small precision brushless DC motors are used in various storage devices ranging from CD-ROM, DVD, DVD+RW, DVD-RW, DVD Multi, GAME, Blu-Ray, high-capacity floppy disc drives to laser printers. 3)developed as the general-purpose lines of small brushless DC motors with built-in driving circuits. 4)Nidec currently supplies world's renowned automobile manufacturers with mid-size brushless DC motors for their power assisted steering systems. 5)UltraFlo cooling series fans as new standard cooling fans which possess excellent air capacity, static pressure, and efficiency, whose noise and vibration levels are both low, and which are environmentally conscious. NIDEC CORPORATION Location: 338 Tonoshiro-cho, Kuze Minami-ku, Kyoto 601-8205, Japan. CEO:Shigenobu Nagamori Established:23July 1973 Paid-in capital:Yen 66,551,220,790 Total shares issued: 145,075,080 Financial Year End:March 31 Sector:Industrial Goods I ndustry:Industrial Electrical Equipment Top Instituitional Shareholders @31December 2010 SCOUT INVESTMENTS, INC.=4,198,849=0.72% LAZARD ASSET MANAGEMENT LLC=1,463,555=0.25% Invesco Ltd.=1,173,132=0.20% Managed Account Advisors, LLC=578,023=0.10% JP MORGAN CHASE & COMPANY=285,747=0.05% GRATRY & COMPANY=278,637=0.05% TODD-VEREDUS ASSET MANAGEMENT LLC=201,360=0.03% KENTUCKY (STATE OF) TEACHERS RETIREMENT SYSTEM=200,000=0.03 Bank of New York Mellon Corporation=196,105=0.03 PARAMETRIC PORTFOLIO ASSOCIATES=175,974=0.03 Balance sheet at March 31,2010 Total Assets =7,414,000 Total Liabilities =3,117,000 Total Stockholder Equity =3,642,000 Net Tangible Assets =2,869,000 Change In Cash and Cash Equivalents :(831,000) Nett Income Applicable To Common Shares :$556,000 Upcomin events:- 25-Apr-11,Earnings announcement This stock has been showing signs of weakness for the pass two months and by March,the candlestick formation has shown a word of caution. Despite the natural disaster being happened in the company's home country,its overseas production facilities and subsidiaries are still performing and the impact will not be that significant. On Friday,it has been hanging on the 52 weeks MAV support line and waiting to dive.Meanwhile it is a speculative play and when it has approached the bear pivot support area,time to accumulate as the risk is very low. Again the pattern is your friendly companion during investment. Dow Friday is 4 market days to start of Q2 & 3 months 4 market days to Quantitative Easing dateline. GDP & Consumers Sentiment main news. 9:30am:--Tech shares Oracle upbeat forecast.Bullish 40.0 points gap up. 10:30am:--Opening gap has been filled early,safe for futher bullish trend.Thre powerfull bulls strike. 11:30am:--In its final estimate for the fourth quarter of 2010, US economic growth was stronger than the 2.8 percent the department had previously reported.Index is now spinning at near session high. 12:30noon:--The morning high has been established,the GDP report confirmed a pick-up in inflation pressures on surging food and gasoline prices.Hangman formed. 1;30pm:--Bears are now overwhelming the bulls,the bull pivot support has been breached. 2:30pm:--A double attack at the bull pivot support nearly threatening the MAV support line. 3:30pm:--A sluggish rangebound movement near the bull pivot support for the 3rd time. 4:00pm:--Gone!the bears attacking,bulls giving way but attempted to perform a last minute shortcovering. The overall March candlestick has a very long lower shadow which will be the weapon to be use by hedge funds pirates in the following months. In fact Friday's bullish inverted hammer can also be portrayed as a shooting star taking into account the previous session uptrend. The United States is flush with liquidity and any further stimulus will not help and could even harm the U.S. economy, Dallas Federal Reserve Bank President Richard Fisher said on Friday. Fisher, regarded by economists as one of the most hawkish policymakers at the U.S. central bank, said the Federal Reserve 's $600 billion bond-buying programme should end as planned in June, with no extension or replacement scheme. "It's time to call a spade a spade. We did our job as a central bank. We may have overdone our job. We have done enough. We are at risk of doing too much. I don't believe we will," Fisher said at a Bruegel Institute think tank event in Brussels.