tag:blogger.com,1999:blog-18079728.post4103685796267227317..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: Throwing Good Money [or Honor] After Bad"Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-18079728.post-31214874298993039312011-11-07T19:27:03.436-08:002011-11-07T19:27:03.436-08:00Cassandra: you called it!Cassandra: you called it!David Litthttps://www.blogger.com/profile/09821846303393230109noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-7722887492686915072011-10-20T20:50:30.061-07:002011-10-20T20:50:30.061-07:00What I don't understand about all this is, hav...What I don't understand about all this is, having something deeply embarrassing or even incriminating to hide, why did Kikukawa et al invite a Brit, however briefly, to be their President? Did they believe that he was in the same boat? Did they assume that he would look the other way as all well-mannered Japanese managers do? It doesn't take a genius to realize that anyone not MuyouAnhttps://www.blogger.com/profile/17996272049496327895noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-19529418668892539602011-10-20T20:39:49.362-07:002011-10-20T20:39:49.362-07:00What I do not understand about all this is that, h...What I do not understand about all this is that, having something pretty embarrassing to hide, why did Japanese managers invite a Brit, however briefly, to be their President? It's not as if he is fluent in the time-honoured Japanese art of averting his eyes gracefully from big problems. Why did't they install a Japanese non-entity who will do their bidding? And most Japanese MuyouAnhttps://www.blogger.com/profile/17996272049496327895noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-27778776452041257332011-10-18T18:32:10.150-07:002011-10-18T18:32:10.150-07:00I think we're getting towards sensible, if not...I think we're getting towards sensible, if not exactly cheap, valuations on Olympus. 4x book and 20-ish PE for a low teens ROE was always a stretch in this environment, even for Japan. The downgrades are yet to come, though, and quite what happens now to the black hole that is the camera business is anyone's guess.<br /><br />The potential zaitech angle is fascinating.Chris (i-cjw.com)http://i-cjw.comnoreply@blogger.com