Future of Sony? 1.1 Billion dollar loss.

[benji232]

M.U.G.E.N said:

benji232 said:

Wagram said:
The 1.1b loss on paper looks bad (what you all are calling doom/gloom) but what they are doing is financially beneficial. If they don't cut their losses with Vaio now, or restructure the TV business they will lose MORE than the 1.1b. This is why Sonys shares have been raising, think of the long term rather than the short term.

It is very bad no matter HOW you want to spin it. Not only did they sell a few buildings THIS fiscal year which got them a couple B$, they are still posting a loss. This means that had they not sold those buildings, they would have lost another 3-4B$+!

I apologize, but you just can't spin a 1.1B$ loss into positive news. Especially when they sold a few of their buildings in FY2013.

facepalm..I wish people would actually think for a second before they post. They also bought a bunch of buildings you know? omgwhatwilltheydonow!

 

So many experts in this thread haven't even gone through the financial statement to read the actual numbers/breakdown of the loss. Read it. And you will see why the loss is happening and why it's actually good for the company in the long run. 

Bottom line is they are cutting the extra fat and restructuring. It's bad but it's something that is needed for the company to get into a much healthier position next financial year. Most of their divisions are actually profitable. Lots of expenses are allocated to the sell off/spin off of PC/tv divisions. Also write offs and impairment costs for shit they don't need in the future. Give the notes in the financials a read and learn a bit more. This is not a black and white situation by any means.

Link to me to the "bunch of buildings" that they bought. I have atleast 2 seperate links for 2 seperate buildings that they sold for 1.2B$ and 1.1B$ respectively. When I google "Sony buys headquarter", nothing comes up at all.

My point still stands, had they not sold these buildings, they would have loss much more. And had they profited, it would have only been achieved thanks to selling these buildings. Not because of their core business. Not to mention, they are laying off thousands of people each and every year and they keep losing money over and over and over again. That's not really a good sign at all.

And where did you see me argue that selling off vaio was a good/bad decision? I actually believe thats it's a great move. However, 1.1B$ is not acceptable. Had they been actually healthy as a business, they could have gotten rid of that division without incurring a loss. Weird, I know right? Please re-think you're facepalm, because the only person who deserves a facepalm is you.

Also, I never proclaimed myself to be a financial expert, I just like discussing stuff that I'm passionate about.