No interest at the present in this stock, but sooner or later Japanese will find value in SNE (8758 -Sony Corp) and power us upward to at least the companies book value. Once that happens, the US ADR will play catch up!
The Japanese markets have been stagnant for a couple decades, so convincing people that this truly is a great buying opportunity might take some time.
SNE has been 50% up last three months. It may be time to consider if this rally is real or not. The question is the coming fiscal year ended, March 2013, earning report will be as good as we expected. It should be out early May. If it is a good news the pre-announce may come out any time soon.
Meanwhile we are expecting a news release next week, may be Tuesday, about the joint venture with Olympus. search the article below:
Sony-Olympus Joint Venture Wins Regulatory Approval.Chinese regulators delayed the deal.Apr. 3, 2013 Agence France-Presse