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Train wreck on 07 February 2013
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kowenicki said:
Train wreck said:

Take notice of what. He is basically saying Sony is doing bad just like everyone else is.  That's supposed to make things ok? 

He also isn't very well informed.  Even I know what asset sales the Japanese analysts from bloomberg is referring to. But i guess we are both wrong and he is right. 

 

Can you please point out the asset sale for the October to December quarter?

They sold their chemical business in June, they divested their LCD business last year, they had a capital raise in november but that did not include any asset and sold their NY HQ on January 17th.

Can you point out where the analyst or me say that these sales took place in the last quarter.   Quarterly reports are merely interim reports for the markets and shareholders.  The ONLY report that actually maters in the end is the full year financials that is due in March.

The only analysts statement I have read on this issue is an analyst in a Bloomberg article referring to previous asset sales and future asset sales being the only reason or way that Sony can post a full year profit.  Without them it would be a 5th straight year of losses.

If he is right, and its obvious at this point that he is, then how is that a good or encouraging sign?

 

 

Um, most of their asset sales were offset by purchases Sony made ( Gaikai for 380m, Olympus investment for 600m, EMI/ATV acquistion for 2.2B) all of which occured this fiscal year

And as long as Sony continues to restructure and bring cost down, that is the best they can hope for in this very tough operating environment.