Amareos

Federico Bagiotti, CFA

Equity Bottom-Up

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/019/241/original/ASSFN%20170116%20Toshiba%20Front.jpg?1484562745" class="editor-image img-responsive" data-smartkarma-image-id="19241"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/019/242/original/ASSFN%20170116%20Toshiba%20Table.png?1484562771" class="editor-image img-responsive" data-smartkarma-image-id="19242"></figure>After the 2015 accounting scandal, where profits were overstated by some USD 1.2bn over the previous seven years, another stone has hit Toshiba Corp windshield <a href="#_ftn1" target="_blank">[1]</a>.At the end of December 2016, the Company anticipated that it will have to revise downward the value of its nuclear power subsidiary, Westinghouse Electric Co., due to an increase in the costs of the US reactors it is building. The news triggered a massive sell-off in Toshiba’s share price, slashing the company’s market capitalization…

After the 2015 accounting scandal, where profits were overstated by some USD 1.2bn over the previous seven years, another stone has hit Toshiba Corp windshield [1].At the end of December 2016, the Company anticipated that it will have to revise downward the value of its nuclear power subsidiary, Westinghouse Electric Co., due to an increase in the costs of the US reactors it is building. The news triggered a massive sell-off in Toshiba’s share price, slashing the company’s market capitalization…

Toshiba Corp

Toshiba Turns Radioactive