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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 210.20-5.8%3:59 PM EST
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To: Sam who wrote (3168)11/20/2017 12:38:32 PM
From: Art Bechhoefer  Read Replies (1) of 4834
 
Slightly OT – Fukushima was really a Japanese problem. An administrative judge in the U.S. once stated that the problem would never have occurred in the U.S. because of better regulatory procedures and enforcement of standards for siting, construction, and operation.

Because of Fukushima, and Chernoble too, nuclear power got a bad name. Also, lack of safe, efficient means for disposing of wastes, with adequate monitoring for a half life of some 10,000 years has impaired the pursuit of nuclear power. These impediments are not insurmountable. But most nations do not have the regulatory protections that the U.S. has even now.

If nuclear power alternatives were to become viable, replacing coal, especially, Toshiba's Westinghouse purchase might have some future value. But the best they can do at the moment is find enough cash or other assets to enable them to write off the Westinghouse investment in its entirety. I don't know if Japanese tax laws allow a tax carry forward, but if so, or if Japan revised its laws accordingly, Toshiba could become highly profitable IF it retains its ownership of its most profitable asset – flash memory.

I don't see how a company near bankruptcy can float more stock at a reasonable price under these conditions.

Art
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