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AUTHOR
DATE
SUBJECT
9
member
3/17/17 5:03AM
Re: Author Exit Recommendation
8
I closed this at 645 yesterday, and am closing on VIC today. While I think this was an OK idea, in retrospect I was according Toshiba management too much common sense and was side-footed when... login to read the rest
Nikkei reporting Tosh will consider selling their TEC stake
http://asia.nikkei.com/Spotlight/Toshiba-in-Turmoil/Toshiba-ponders-selling-shares-in-cash-register-unit
The Nikkei is generally a good source in Japan, though to be fair the company did come out post close and say they were not considering a sale. Fun and games..if WH files for B/K... login to read the rest
Shooter - i have been thinking more about Toshiba Plant (1983) and you are right, it is pretty interesting. Looks like 3x EBITDA and 5-6x normalized cash flow (ie, stripping out working cap) for a... login to read the rest
Re: Would they look to sell down their stake in 1983?
3
They certainly could look to sell it - the issue is the business trades only a small premium to book value (1.2x), so there isn't the windfall equity gain if they do (TEC is at... login to read the rest
because the key measure used to define leverage in Japan is not debt/EBITDA but equity ratio (net assets/total assets). Since Toshiba's equity ratio is so low due to impairments in (mostly) nuclear, they need to... login to read the rest
Are you sure you want to close this position Toshiba TEC?
By closing position, I’m notifying VIC Members that at today’s market price, I no longer am recommending this position.
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