Toshiba

Is it doomed to become a penny stock?

Even if they sell all of their stake in Westinghouse, their other expenses are very high relative to revenues.

Also, what would a Westinghouse deal look like? 60 cents on the dollar? Who would even be interested in buying nuclear right now? They’re supposed to be building six plants in India, four in China, and one in Bulgaria, but after the Vogtle boondoggle, I’d think any viable buyer would want to see something operational before committing.

https://www.analystforum.com/forums/investments/91347581

https://www.nytimes.com/2017/03/29/business/westinghouse-toshiba-nuclear-bankruptcy.html?_r=0

Westinghouse Electric Company, which helped drive the development of nuclear energy and the electric grid itself, filed for bankruptcy protection on Wednesday, casting a shadow over the global nuclear industry.

north korea would prob be interested