Cristian’s Substack

Tachibana Eletech (TYO 8159)

I found another Japanese net-net that looks very compelling:

Nov 3 • 

Cristian

3

October 2025

Franklin Street Properties

REIT in Strategic Alternatives with 38% to 100% Upside.

Oct 21 • 

Cristian

5

September 2025

Morio Denki 6647

I bought another Japanese net-net for my portfolio.

Sep 30 • 

Cristian

7

Okayama Paper Industries 3892

Okayama Paper Industries

Sep 3 • 

Cristian

6

June 2025

Showa Paxxs (TYO 3954): Double Net-Net With Improving Capital Allocation

I just bumped into another interesting Japanese net-net that is adopting shareholder-friendly measures:

Jun 13 • 

Cristian

10

8

May 2025

Micron Machinery

Continuing my adventures in net-net land, I found a business with the following highlights:

May 30 • 

Cristian

5

April 2025

Is it Cheap Enough?

Is this business cheap enough?

Apr 24 • 

Cristian

6

March 2025

Dirt Cheap Net-Net

There is a stock right now trading at:

Mar 11 • 

Cristian

18

3

February 2025

Millrose's Spinoff: Letting Go of the Ugly

Splitting up the capital intensive side of a good business.

Feb 7 • 

Cristian

3

December 2024

Dream Residential REIT (DRREF)

An opportunity to buy multifamily at a 9% Cap Rate.

Dec 23, 2024 • 

Cristian

3

November 2024

Two Liquidations

During the Great Depression, Ben Graham wrote: “Is American Business Worth More Dead than Alive?” He pointed out that many corporations were selling for…

Nov 18, 2024 • 

Cristian

1

October 2024