I wonder what those security reasons are beyond the whining of Cliffs Steele? Who just so happens to own the fabled Steel mill in Middletown; Ohio. Said mill was at one time owned by Kawasaki. There was no concern then when Kawasaki was funding the broken pension funds.
The Japanese have a habit of overpaying for US assets. Then dumping them later at depressed prices. We should encourage that. They have to do something with their the dollars generated by their trade surplus.
I’d be more concerned about Japanese ownership of 7-11 and Speedway.
Or be concerned about all the imported steel slabs Cliffs uses in their rolling mills. Of course most of the protected companies cry. “Tariffs for thee but not for me”.
I remember the Yellow Peril too!
In the late ‘80s, the Japanese were flush with cash and were buying landmark American properties like Pebble Beach and Rockefeller Center and people were flipping out! They later took beatings on them.
I respect Goncalves at Cliffs (despite his stock’s horrible performance of late,) but, yeah, he has a very selective presentation of facts when it comes to multinationalism .