So we see every day why Japan has so much trouble getting out of it’s long slump. There was an article recently talking about how the lost decade in Japan is actually a myth, and that the reality is that Japan has done better than we all think since the bubble popped in 1990. Yes,…
Tag: Olympus
Olympus Continued
So the story continues to unfold and it doens’t sound too good. In my earlier post, I said that on the face of it there might be 459 billion yen or 1,700/yen per share in value at Olympus just by valuing the medical equipment business at 8.0x EBITDA, adding up the cash and securities and…
Olympus Kills Japanese Stock Market?
Olympus was down again the limit and I don’t think any shares traded, having been offered down the limit all day at 484 yen/share. Olympus, on it’s own is not a big problem. These things do happen. The U.S. had it’s Enron, Worldcom and others. But the problem is that Olympus is an old, stodgy…
Olympus
What is happening at Olympus is really sad. The worst part of it is that I’m not even that surprised. I have been looking to invest in Japan for a long, long time and have only found ‘trades’ to do there; buying stocks when they are very cheap due to short term worries about this…