SONY set to JUNK status

[joeorc]

TheLastStarFighter said:
Sony is in a very bad state, and it has nothing to do with whether you like their games or not. They have massive debt and shrinking market share in most divisions. They can cut staff, but less resources means poorer products. Even if they hit a few homeruns with new products, cut costs and start turning billion dollar profits, it would take a decade or more to be out of debt. Since as of right now they are still turning losses (in large part due to high interest), it's more likely that their debt will continue to grow until bankrupcy. That's why firms are saying they are an investment with a good chance of loss.

Someone mentioned how Nintendo turned it around... that comment isn't grasping what's going on here. Even when Nintendo had a tiny market share it was turning profits and had no debt. This isn't about the games, it's the financial state of the company.

I'm an investor. Sony would likely be a horrible choice to invest in. Good chance of losing your money. If you want to invest in game stock, take a good look at Nintnendo. Their massive cash reserves make them pretty safe.

and yet as an example:

 Sony is under restructure right now but yet in such a short point of time we are talking about less than 6 months these credit agencys have cut companies value down to junk in under 6 months even when these companies are trying to fix their problems like cutting 10,000 freaking jobs cut TV production by 60% but has told investors before hand how long its going to take to acomplish such changes. but yet even with these steps taken as a new CEO who just took over has taken a very proactive measure to fix the problems its now no longer fast enough, thus damaging the stock further making further hardships to fix any problems moving forward.

this is exactly why in this very same month that these credit agency's are under investigation for market manipulation! this is just not one company but many companies, and the people in charge of these credit rating agencys are hedge betting and you do not think there is one iotta of any market manipulation going on? if that it couldsnot happen ?, its one thing to say these companies are above board and no manipulation could ever take place, but with anything "People are in charge" and people  have been known to steal, people  have killed other people, people have been known to steal million,and millions of $$$ in the market .