happydolphin on 28 February 2013
| sales2099 said: Tsk Tsk. Owning is always better then renting. I would rather may a mortgage then throw my money away with paying rent on a apartment every month. Sony is now a renter. Not only will the rent costs mount up month after month, year after year, but can anybody take them seriously as much? I know I can't if they can't even own their own buildings they operate in. This is artificial means of showing a profit. This isn't change. Its a band-aid fix. |
They're only in there for 5 years. I'm not sure how much rent would cost, but I can only guess they're making some good cash out of this, at least it gives them something to use in the short term so as to help pay that rent.
If they were renting for another 20 years I'd agree with you but that doesn't seem to be the case, and they have the time to buy again later when things get better. if things get better, which I'm only guessing they will.
Anyways that's the name of the game. In business sometimes you win sometimes you lose but Sony is betting on getting back in the green so it's a good move with that optic in mind. Thinking they will fail, of course, this is a very bad move. But expeting them to get back on track, this is a good move.
