Sony is highly undervalued and with rising US interest rates SNE electronics will be cheaper not the content though......how abt SNE trading at $120 in 2014 traders will sell MSFT AAPL AMZN P LGF DISNEY and rotate portfolio into SNE
Entertainment’s dedicated Board should be composed of diverse individuals with deep knowledge of media, entertainment and digital technology, who value creative talent and can institute best practices of
2 governance. Today, Entertainment is a sleeping giant – a multi-platform content business with a global footprint, encompassing leading film and television production, cable networks and music interests. An incredible opportunity exists to integrate Entertainment’s components to create a dominant creative platform for today’s artist-entrepreneurs – but the right leadership at the Board level is imperative.
An independent Entertainment Board will go a step further: holding management accountable by establishing goals for growth while setting compensation tied to value creation using stock and options. It can also help determine important capital allocation decisions, ensuring that Entertainment’s robust cash flow is used efficiently. A capital shortfall has prevented Sony from taking advantage of attractive acquisition opportunities; instead, the Company has resorted to joint ventures and costly loans to engage in strategic transactions like those in music publishing (i.e. EMI). Our research has confirmed media reports depicting Entertainment as lacking the discipline and accountability that exist at many of its competitors. In light of this track record, it seems difficult to argue that Entertainment would not be strengthened by the transparency that comes with public reporting, an active media analyst community evaluating financial performance regularly, and an expert Board with strongly aligned incentives.
We understand past Sony management teams have considered a complete spin-off of Entertainment, but concluded that the potential for synergies outweighed the obvious value that would result. We respectfully disagree with any suggestion that listing a minority stake in the Entertainment division.
Mr. Kazuo Hirai
President and CEO
7-1, Konan 1-Chome, Minato-ku,
Tokyo 108-0075 Japan
Dear Mr. Hirai:
Sony Corporation (“Sony” or “the Company”) appears to be regaining its competitive edge. Recent highlights include the debut of PlayStation 4 with its consumer-friendly approach to next-generation gaming and Xperia, which recently overtook Apple as the #1 smartphone in Japan. We expect the upcoming Xperia Z Ultra to generate similar success in Europe and were pleased to see Vodafone’s CEO using an Xperia Z in a recent meeting.
As a sign of our increased confidence in the Company’s direction under your leadership, funds managed by Third Point LLC (“Third Point”) have increased their stake in Sony to 70 million shares valued at ¥136.5 billion ($1.4 billion), held via 46 million shares of ordinary stock valued at ¥89.7 billion ($944 million) and economic exposure to 24 million shares valued at ¥46.8 billion ($492 million) through cash-settled swaps. Given our large stake, we reiterate our offer to serve on Sony’s Board of Directors.
Another sign of progress is the news that the Company has retained financial advisors to help evaluate our proposal to publicly list a minority stake in Sony Entertainment (“Entertainment”) through a rights offering backstopped by Third Point. We remain convinced that the proposed transaction will strengthen the Company as a whole. The newly-listed entity will thrive with a governance structure which focuses on increasing profitability, competitiveness and accountability. We expect that this transaction will strengthen rather than diminish Sony’s ability to exploit meaningful synergies between the Entertainment and Electronics divisions, a goal we share.
Our proposal is a simple one: it contemplates a semi-independent governance structure. We believe that you, Mr. Hirai, should serve as Chairman of both Boards, to promote synergies between Entertainment and
Sony Corporation. Part 1
OVER NIGHT NOW TRADING [[[---WEDS--19TH----]]] OVER $22.00 NOW ---JUST---CFMED---IF YOU BELIEVE THEN BUY IF NOT STAY AWAY AND PRAY................
Sentiment: Strong Buy
SO ===SNE=== HAS TO BE WELL OVER $22.00 I WOULD THINK OR FEEL WE WILL SEE TODAY IN U.S. MKT........
Sentiment: Strong Buy
This is BS... I sold and want to re-enter @ $21.25 but why is this going higher afterhours, he should only move a little. Well I'll wait it will come back down again...PUMP and DUMP story like always! SELL and buy back cheaper...
So what is different this time?
Nice guy act? What can he do to Sony? Do you think Sony is scared of him and if so why?
Must be nice to have those kinds of deep pockets to try and get BODs to play your style of jump.
Actually stated for a second time, they will reconsider looking again!!
Didn't Sony already announce that they were not going to do this?
Looks like Dan is getting a bit fed up with attempting to play nice with SNE BOD and has gotten a bit more aggressive by purchasing additional stake in SNE. Now he`s urging the Japanese electronics giant to spin-off its entertainment business.
This fight is going to start getting FUGLY!
Third Point has raised its stake to 70 million shares valued at 136.5 billion yen ($1.4 billion), and reiterated his call to spin-off Sony's entertainment division and offer to sit on Sony's Board of Directors.
Without a doubt the value of the spinoff is worth somewhere north of 40ps and if put to a vote majority of Sholders will vote unanimously to see this occur.
I applaud Kazuo Hirai for what he`s accomplished since taking over SNE,but, now its time to start listening to its shareholders and do what needs to be done!
I`m going to continue to add to my SNE position knowing full well, this might take some time but in the end will happen!
3rd Point drove down share price to add another 6M shares to their coffer - from 64M to 70M to increase pressure on Sony.... 3rd Point says that the spin-off could up SNE share 60%....
I think someone is trying to rip off SNE- the parts belong together Mr. Loeb ! imo !
Sentiment: Strong Buy
I just read Nov 21st and 26th. Don't know if it's true. Do a google search and restrict results to last 24 hrs only and you should get the same hits as I did.
TARGET 1 Price: 21.56 Profit: 4.1% , for a typical rally.
Stop Limit/Trailing Stop Limit: 20.03 Loss: 3.3%
Profit/Loss Ratio: 1.2 : 1 - Poor
TARGET 1 POTENTIAL Excellent, there are 1 resistance areas on the way to Target 1.
Stocks may quickly rise to Targets when there are not many resistance areas blocking the way.
TARGET 1 RESISTANCE Current price at resistance: 20.73 ± 0.39, type double, strength 10
+4.1% at 21.56 is Target 1
TARGET 2 Price: 22.25 Profit: 7.4% , Profit/Loss Ratio: 2.2 : 1 - Fair for an extreme rally.
BREAKOUT WATCH for possible breakout above 21.13, no resistance in area just above.
Type: True breakout from double resistance.
Target: 23.07, 11.3% Stop: 20.03, Loss: 3.3%, Profit/Loss ratio: 3.4 : 1 - Excellent
Breakouts are an exception to the normal indicators which can at the same time indicate bearishness.
Breakout stock patterns
Sentiment: Strong Buy