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  "documentTitle": "Nidec Corp. (6594 JP)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2016-12-13 00:00:00",
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      "text": "Nidec's auditor probably offers little safeguard against misleading accounts - in our opinion, Nidec's auditor is to audit failures what Michael Jordan was to basketball.",
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      "text": "Comic book cover of The Man Hotter Than the Sun featuring Mr. Nagamori.",
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      "text": "Nidec's failures to meet targets are made even worse by the highly aggressive accounting the company employs to boost reported profitability... Nidec's JPY 36 billion in write-offs seem unjustified.",
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      "text": "Part of the myth underpinning Nidec's valuation is a notion that it is a superior acquirer of businesses. We think Nidec's acquisition strategy is more effective at masking weak organic growth than at creating value.",
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      "text": "Analysts and investors appear to have gone blind from staring at The Man Hotter Than the Sun. (This is a reference to Mr. Nagamori's self-published comic book about himself, shown to the right.)",
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      "text": "Nidec's auditor is to audit failures what Michael Jordan was to basketball. — Muddy Waters Capital",
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