Archive | September, 2009

Knuckleheaded Nomura

The latest and largest equity dilution — approx. $5.6B; 30% s/o — by Nomura (JP: 8604) [[NMR]] has sent its shares down 16% to ¥573 in Tokyo ($6.35 at ¥90.3/$1) following an earlier rout in NY.  I think the stock has further to fall, given that it was saved by its daily loss-limit (‘limit-down’) in [...]

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