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	<title>Active Investing in Japan &#187; Nomura</title>
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		<title>Knuckleheaded Nomura</title>
		<link>http://steventowns.com/2009/09/25/knuckleheaded-nomura/</link>
		<comments>http://steventowns.com/2009/09/25/knuckleheaded-nomura/#comments</comments>
		<pubDate>Fri, 25 Sep 2009 13:08:20 +0000</pubDate>
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				<category><![CDATA[Sentiment]]></category>
		<category><![CDATA[Shareholder Value]]></category>
		<category><![CDATA[Valuation]]></category>
		<category><![CDATA[capital raising]]></category>
		<category><![CDATA[Goldman]]></category>
		<category><![CDATA[Lehman]]></category>
		<category><![CDATA[Nomura]]></category>
		<category><![CDATA[Nomura shock]]></category>

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		<description><![CDATA[The latest and largest equity dilution &#8212; approx. $5.6B; 30% s/o &#8212; by Nomura (JP: 8604) (NMR: 5.43 -2.51%) has sent its shares down 16% to ¥573 in Tokyo ($6.35 at ¥90.3/$1) following an earlier rout in NY.  I think the stock has further to fall, given that it was saved by its daily loss-limit [...]]]></description>
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