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Sony Corporation Message Board

  • stocksonsale20 stocksonsale20 Jun 11, 2013 12:12 PM Flag

    sne buying pwrd? a $16 stock with a $90 target, not bad

    Only an 8 PE, two recent upgrades, earnings were very good

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    • The Sony earnings were not very good. Their earnings were from sold assets that they already owned, not from their products or services. They sold M3 shares that gave them a profit of 1.23 billion. They sold 2 or more building that gave them a profit. And there were other assets that they sold. In other words, they lost money. BS accounting rules allows for this to happen. Way to much long term debt. The wealthiest people, billionaires are now dumping stocks.

      Sentiment: Sell

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