Figgycal said:
We've had a lot of confirmation over the years about why Sony is a weak company. Their credit rating dropped to junk, their stock prices reached a low of about 13 dollars when a decade ago they were in the 100's. No one was under the impression that Sony was doing well. A sign of weakness would've been when Sony posted a deficit for 5 years in a row, followed by a tiny profit in 2013. I'd like to hear what Kowenicki had to say about this (unfortunately he got banned), but I would assume that Sony stock holders would be happy with this move and Lenovo stockholders not so much. |
It still wasn't operating profit. They had to sell assets then to post a profit, shares still got downgraded to junk recently. Had they posted an operating profit, who knows. Still a sign of "weakness" as Sales puts it. Stocks reflect that.
Lenovo stocks dropped a fair bit though too from the media just reporting this. Take from that what you will.
http://www.reuters.com/article/2014/02/04/us-lenovo-shares-idUSBREA1304Q20140204
