Hitachi Ltd. (NYSE: HIT) is a prime example of a company heading in the wrong direction.
The company made the No. 4 reactor at Japan's troubled Fukushima Daiichi power plant. And over the next six to 12 months it's going to be thoroughly distracted by the emergency work necessary to decommission the plant.
Other planned projects already have been delayed or cancelled altogether.
Since real financial risks to the company outweigh any potential gains, Hitachi Ltd. is a "Sell" (**).
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Two decades ago, there were 86 hard disk drive (HDD) manufacturers. Soon there will be just four, as Western Digital Corp. (NYSE: WDC) yesterday (Tuesday) announced a $4.3 billion deal to acquire Hitachi Global Storage Technologies (HGST). The addition of Hitachi's business will give Western Digital approximately 50% of the HDD market, putting it well […]