Nissan exploits weak yen

Article Excerpt

NISSAN MOTOR (ADR) $19.78 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310-771-3111; www.nissan-global.com; ADRs outstanding 2.3 billion; Market cap: $44.5 billion; Dividend yield: 3.0%) continues to sell record numbers of its Rogue crossovers in the U.S. In response, the company will export the model from Japan to North America beginning next spring. This will supplement current Rogue production from plants in Tennessee and South Korea. Crossovers look like sport utility vehicles but have a car rather than a truck chassis. They’re among the top-selling vehicles in the U.S. right now. What’s more, the weak yen will let Nissan realize higher profits from Rogues it makes in Japan and sells in the U.S., compared to vehicles it makes and sells in the U.S. Nissan is a buy. buy…