Olympus Corp in real trouble

Started Nov 8, 2011 | Discussions thread
Pyramides Regular Member • Posts: 111
Re: Olympus Corp in real trouble

willbfree wrote:

Exactly my point. Olympus stock remained high because they were lying, which benefited the investors.

No, it did not.

Assuming that the story told so far is true; the losses cover-up scheme would have benefited those holding Olympus stock when the cover-up started, but it certainly did not benefit those who bought Olympus stock afterwards.

It could just as well have been the case that the (larger) investors in the early 90s knew about the losses, agreed to the cover-up, and took their time to sell their papers to misinformed traders.

Frauds like this are meant to benefit the "sell" side. The whole point of requiring "correct" earnings reports is that investors won't get surprised by skeletons in closed.

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