Hoshizaki A Buy On Accounting Shenanigans
(WorldNews Japan)

Hoshizaki (OTC:HSHIF) is arguably the best manufacturer of ice machines in the world. The company came onto my radar as an investment about two years ago by following Morningstar. In December, the company got itself into quite a bit of trouble when a division overstated financials to reach goals. Subsequently, Hoshizaki got into trouble for doing the same thing. Management delayed releasing numbers and the stock has tanked. Growth and profitability have been high. The stock´s valuation, especially after subtracting the huge hoard of cash on the balance sheet, is very reasonable. From the company website The stock trades for ¥7,950, there are 72.42 million shares, and the market cap is ¥575...