Train wreck on 18 January 2013
| Tarumon said: Thats $1 billion from sale....against $140 billion of liabilitities...less than 4% of their debt. Let's hope they have some serious windfall from the Yen. |
Well im sure a company that is in the process of a turnaround will address its liability problem at some point, im sure you want nothing more for Sony to continue with its status quo and be bankrupt within 2 years.
As for the Yen windfall, Im sure Sony will benefit, they forcasted march 2013 earnings back in the summer of 2012 when the yen was at what 74? Its 90 now and will probably hit par sometime in the next two quarters. At last check for each yen decrease against the dollar Sony get $25 -30 million in operating profit, so you are talking $420 million in dollar terms, dont even how much a gain will be in euros and that move is even greater, and they receive the majority of their sales there.
