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Panasonic Corporation Message Board

  • jacobson_a Feb 20, 2012 2:26 PM Flag

    Will stock go lower?

    With $10 billion (US cur) in losses this stock may hit $1.00

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    • Who knows? It seems doubtful to me. The Tsunami and ensuing economic carnage was a unique event that, in my opinion, offers a trading opportunity. Panasonic's 2011 losses are tied to the Tsunami and also the dramatic appreciation of the Yen which crushed Japanese exporters. The Yen's rise was attributed to the sell-off of assets held by Japanese corporations and the government with a parallel translation of the proceeds into Yen denominated accounts. This was a massive effort to raise funds for reconstruction purposes. The Yen was and still is priced too high given the current state Japanese sovereign sector deficits and near 0% domestic interbank lending rates. Why hold Yen????

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