Looks like dead money to me. I never hear anything regarding Sony electronics. Does Sony sell any of its product in the US in significant quantities or anywhere else for that matter? How much would you be ahead if you bought apple?
S&P Financial Services has a fair value price for F of $23.60 based on their proprietary model. The report is dated July 13, 2013.
So what is different this time?
Nice guy act? What can he do to Sony? Do you think Sony is scared of him and if so why?
Didn't Sony already announce that they were not going to do this?
Sony is on the rebound and has great products in the pipeline including their high end media and media hardware. It is unfortunate that they have to deal with bloodsuckers who threaten their visions of who they want to be.
Sony is looking toward the long term future of the company and is not interested in turning a quick buck to satisfy the objective of a short term gain. Hedge funds want the quick buck and will do whatever is in their power to reach this goal and then they will move on to the next target. It will be interesting to see how Sony handles their stock price.
Some great news releases posted under the Sony stock press releases on Bloomberg regarding the Xperia phone and tablet. Forbes also has a great article on the PS4 Ustream capabilities. This company is on the move.
The Chaikin Money Flow indicator on the daily chart shows a constant outflow since the end of January and is in very negative territory. Actually, it is right back to to where it was before the stock price started to increase in November. This does not look good for this company considering all of the negative press lately.