Train wreck on 08 February 2013
I bought some $SNE today with part of my tax return, the stock does not want to go down (at least in the US session down 4% yesterday ~1.2% today). Still think the restructuring is on track, new product launches in tow, still has favorable exchange rates on its side (sony listed its exchange rate for the quarter at 81.2) and its Korean competition will have a harder time with the strength of the Won. The only catalyst left is for GDP to level out, grow in most of the world economies which will be the biggest barrier for Sony's (and pretty much everyone's) growth.
Like I said a couple weeks ago its going to be two steps forward one back for this company. The stock got a little ahead of itself and i'm buying on weakness.
