(08-23-2013, 08:04 PM)Rudester Wrote: AFL is a great company and I have a position in the stock. However, it is not a full position and the main reason for it is that AFL's earnings are too closely tied to the $ - ¥ exchange rate. I view that as a risk, as the current Japanese government is trying to drive down the ¥ to jumpstart their economy.
They do report earnings in $ but most of their cash is overseas so it doesn't actually effect them, except for reporting purposes.