In an embarrassing loss of face for the Japanese Ministry of Finance, Nippon Telegraph & Telephone Corp shares last week plunged through their issue price of $12,200, hitting $11,971 but that still leaves the shares on a ridiculous prospective price-earnings ratio of 105; the slide in the price is causing the government to look again […]
In an embarrassing loss of face for the Japanese Ministry of Finance, Nippon Telegraph & Telephone Corp shares last week plunged through their issue price of $12,200, hitting $11,971 but that still leaves the shares on a ridiculous prospective price-earnings ratio of 105; the slide in the price is causing the government to look again at selling more of the shares soon.
