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Sony Corporation Message Board

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  • wall_st_knight_mare wall_st_knight_mare Nov 2, 2012 9:01 PM Flag

    SONY IS DEAD -- ITS OVER -- THEY DONT EVEN HAVE THE CASH TO LAUNCH PSX4

    In a note to clients this morning, Citigroup’s Kota Ezawa writes that while “Sony continues to face a harsh environment and tough competition,” nevertheless the company is not up against “a near-term crisis.” The results were at least better than those recently from Panasonic (6752JP) and Sharp (6753JP).

    Key now will be asset sales, which Sony announced today they will add to:

    The key to reading the situation will be the gains on newly planned asset sales in H2. If Sony can secure gains on asset sales (we estimate around $513 million on the sales of its NY headquarters building), it could allow the company to achieve the latter two of the three start-of-year goals that have been looking difficult: 1) positive OP in Electricals, 2) positive consolidated free cash flow, and 3) positive consolidated NP.

 
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