Olympus Corporation, Japan

Olympus (TYO:7733; NYSEARCA:OCPNY) has been hit by a scandal and the company yesterday admitted fraudulent accounting (http://goo.gl/2YwKK; http://goo.gl/LmkpJ). The share price dropped in Tokyo from JPY 2,526 on 13 October to JPY 584 on 8 November, a decline of 77%. For the ADR traded on the pink sheet in the USA, the price fell from USD 32.10 on 13 October to USD 9.05 on 8 November, a drop of 72%

I plan to keep an eye on Olympus and look for a good moment to buy it.