leave japan every aug. for holidays. back in hot sticky nagoya last night.
IIJ has had a rocky go of it for several weeks and my light position is about 15% underwater.
most big players did not participate in nikkei in aug and trading was very thin. this will change and volume will gradually return.
i like IIJ and will up my position during sept.
reasons are; business with the Chinese telcos, a more significant move into Europe by IIJ, the appointment of a former top bureaucrat to presidency of IIJ will start paying dividends, firms here are increasing capital expenditures on IT security and cloud strategies (IIJ was recently selected for the 2nd year running the top public cloud co. in the country)
IIJI management has no clue on how to sell this stock to the market. major disappointments since 2001 have taken their toll on confidence. this cash flow company needs to hit the numbers out of the park to get noticed. still waiting since 1999.
seems like everything in japan is going up except IIJ. truth is,most IT stocks are not moving this week. a couple of PR's yesterday and today show the firm is active in strategic alliances with up and coming smaller tech co.'s
i bought more shares at the start of the month. i expected interest in japanese stocks to pick up in sept. but not this much. selecting tokyo as the 2020 olympic host city has been a catalyst.
it bodes well for the economy and IIJ.
Welcome back you were missed. I started adding again around 15. I share your view on the future of IIJI specially in the cloud and Service markets. Please keep sharing our insights as they are greatly appreciated.