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.
"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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