What I have today is a Korean microcap with most of its market cap in net cash trading at <2x growing earnings that has committed to paying out at least 10% of earnings (but tax-wise 25%+ makes a lot more sense for insiders if dividends). The stock has traded down due to de-listing risks for having a market cap that is too low (under 30bn KRW) , which isn’t likely to be much of a concern given recent developments. The company:
Korean stock at 2x earnings
Non-cyclical with solid balance sheet, upcoming capital returns
