Toshiba scandal: digging into the numbers
Toshiba is making headlines over intentional inflation of profits. But its accounts should have raised significant red flags on closer inspection.
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"PLEASE buy me one million shares of Toshiba, ticker code: 6502." That was the institutional buy order that kick-started my professional buy-side career. The first stock I bought was Toshiba Corp, back in July 1995.
Toshiba was a blue chip listed on the Tokyo stock exchange and a component stock of the Nikkei 225 index.
I thought a rookie like me had better stick with a big-cap conglomerate like Toshiba.
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