SONY set to JUNK status

[joeorc]

TheLastStarFighter said:
joeorc, I seem unable to reply or quote on this forum, so I always need to do fresh posts, but...

I'm not quite sure what you're saying. It has nothing to do with what the CEO is doing, Sony's situation is getting worse. I felt they were junk (from an investment perspective only) months ago. They are making a profit as a complany, but their interest payments on their debt is greater than their profit, so their debt is growing. There is almost no way out of the hole. Investment advisors tend to be reactionary and not see things until after they happen, but this rating should have been on there some time ago. There is nothing corrupt about these ratings....they just should have been this way before Sony started hopelessly hacking away at their company.

its one thing to rate the company this way, and Sony does deserve it, but on the same token to rate downgrades so fast as to evade the outlook of restructureing effects of a proactive CEO taking measures that other CEO's did not take under the helm to fix current problems, and yet not give the restructing any real  chance to see a turn around and to downgrade the stock so fast that it makes said company very unlikely to recover in a meaningful way in the short term to mid term for turn around when the company itself out right told the credit agencys how and the effects of their restructuring is being taken. but the credit agencys are not going to give the restructure any Merit, thus the downgrade even sooner rather than later to see if it pans out for change.

if people in charge are hedge fund managers do you honest think there is no manipulation going on in the market?

you pointed out this:

" but their interest payments on their debt is greater than their profit, so their debt is growing. There is almost no way out of the hole. Investment advisors tend to be reactionary and not see things until after they happen, but this rating should have been on there some time ago."

why was it not? was that because they were being nice? not stiff enough, why now?

you cannot have it both ways, they turned over a new leaf and now are being more proactive in their projections, hey how about a credit rating on a credit rating agency? would they apply the same points of docking their own rating for not being better at their job?