Contrarian Corpus
Muddy Waters vs. Nidec Corp.

Nidec Corp. · 6594 JP

1 deck published between 2016-12-13 and 2016-12-13 — 54 pages, 54 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2016-12-13 initial thesis

    2016 12 MW_6594_JP_20161213

    54pp · research_note

    Nidec is a gigantic stock promotion: zero organic growth and aggressive accounting hide behind a Facebook-like multiple — fair value JPY 4,764, ~52% downside.