Looks ready to make a huge move up. Trades at .12 times sales vs 0.50 for NOK. Yen is currently crashing which will provide a huge boost to their sales and profits. They are going through a major restructuring. Investors are completely pessimistic on it. Should blow out estimates. I expect it to go up to $30 over the next 18 months.
My only concern is the convertible bond offering I see being discussed. I don't like convertible bonds even though the one for sne is pegged at 11.00 if I am not mistaken. it will in the end increase the no of sne shares, thus creating dilution. What is your thought on this matter?
Even if you add in 12% additional shares you still get a really underpriced stock. Price to sales would go to 0.16 as compared to:
What product do they have to offer besides playstation? With many tv and stereo companies out there making better products and charging less $ I don't see how Sony has much to offer.....I've been a long time Sony buyer over the last 20 years...ie stereos, TVs, cameras, etc. but I think they r dead as a company and will take many years to recover
I have been buying and holding on to SNE from 9.80 and when they sell one of their building it should go higher and I think SNE new Xerpia phone are great and they should have big plans for their OLED tech.
I did and I was long NOK as well. You do have to admit they have a lot of similarities. I bought NOK at $1.87, got scared out and sold at $1.80, then bought back at $2.2 after realizing I was correct but just impatient.
The best trade over the past 7 months has been to buy anything that was beaten down by Apple over the past 4 years. RIMM, HPQ, NOK...SNE is next.