Microsoft & Nintendo's stocks could be worth 1c, but if they keep making multibillion dollar profits as they are still doing along with their respective cash surplusses sitting in the bank then they are going to remain in business for the foreseeable future.
Sony on the other hand have a stock price that's dropped over 50% and have a large cash debt. With reduced market cap they will have more trouble refinancing this debt, especially when the debt is growing substatially due to multi-billion dollar operating losses.
Looking at only the balance sheet may simplistic and not tell the whole story, but it tells a hell of a lot more than just looking at the stock value.
Never argue with idiots
They bring you down to their level and then beat you with experience
