Topic: Growth Stocks

NISSAN MOTOR CO. $20.32 – Nasdaq symbol NSANY

NISSAN MOTOR CO. (ADR) $20.32 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310-771-3111; www.nissan-global.com; Shares outstanding: 2.3 billion; Market cap: $46.6 billion; No dividends paid) is reviving its dormant Datsun brand with the launch of an under-$6,700 hatchback in India. Other Datsun models will follow over the next three years.

The company will use the Datsun name to compete for sales of lower-cost cars in emerging markets, partly to avoid tarnishing its Nissan brand’s reputation for higher-quality vehicles.

The reintroduction also puts Nissan in a good position to profit from rising car demand in other emerging markets, such as Russia, Southeast Asia, Latin America, the Middle East and Africa.

Nissan Motor is still a buy.

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