logic56 said:
Train wreck said:
logic56 said:
kowenicki said:
Not sure everyone is aware of the last 12 months financial shenanigans...
A year ago Sony projected a profit for this year of $963m
By Jun 2011 they revised to a loss of $1.12bn
By Feb 2012 they revised to a loss of $2.76bn
In April 2012 this was revised to a $6.4bn loss
Thats weird.
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it's not weird at all, they didn't expect the yen/euro situation which effected almost all companies in Japan and no one could foresee the tsunami, and the last revision was writing off the tax credit that they lost
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Dont forget the massive flooding in Thailand where Sony, and lot of Japanese offshore manufacturing is located...which S&P noted when they downgraded....Not trying to make excuses for the bad numbers but you have some extreme one off events that happened in the last year for many Japanese companies which are not going to repeat themselves.
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yeah that was the tsunami, shit I forgot all about the earthquake in Japan but that was the same event wasn't it??
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Earthquake and Tsunami happened in Japan last March I believe, the flooding in Thailand happen in the month of August
