Sony to sell $1.9bn of conv bonds, stock down 10% in early trading.

[Chark]

fillet said:

Chark said:
With all this change and things going down with Sony it makes you wonder what Stringer was doing.

Do you still reccomend buying Sony stock Chark?

Yes if you're looking for a risk investment. I still see them turning around. I think they are a great company and I enjoy their stuff. When companies suffer like this suffer they either fall apart or make changes. Sony is making changes. They can rebound quite a bit considering how big the company is and how reduced their value is. A turnaround could yield strong returns a few years down the road. Maybe these bonds are the better option right now though? Can't say I'm familiar with it.

I'm not a stocks guy, I understand a little bit but I'm more intune with organization planning and recovery. I see a great deal of potential in the route Sony is going, but it won't be immediate. Short term might still be good for Sony though. The restructuring and reduction of various sectors is going to dramatically reduce expenditures and they could very well be on track to yield profits this year. Doing that alone will show the strength of the company help highlight its future goals for investors to start looking at them again. So either now or after Q3 posting would be a good time to jump in if Sony has a good holiday season. If you want more safety wait till next years Q2 to see how the reduced expenditures play out. If they don't go back into a slump then, there is a pretty good chance they are going to be successful. In the years following that Sony will be pushing new technologies and services that could be very profitable.