Sony (SNE) has doubled its FY 2013 net profit estimate!!! UP WE GO!!
Sony (SNE) has doubled its FY 2013 net profit estimate to ¥40B ($400M) from prior guidance of ¥20B, due to the weaker yen and asset sales, and after the improving stock market boosted earnings at the company's life insurance operations. Sony also increased its estimate for operating profit to ¥230B from ¥130B and for sales to ¥6.8T from ¥6.6T. Lets start the run up!!!
Double of zero is zero. when you start heating up with the house wood, the house would collapse. selling real estate is hardly revenues, as the assets are shrinking , the value of the company today is 50 cents.The japanese are projecting without any assurance that they will do good, that's what hype is all about.
Sony is the Nortel of Japan and will have the same ending.