After the Wii U disaster, will you buy Nintendo's next console?

[johnsobas]

Teeqoz said:

johnsobas said:

Teeqoz said:

Nintendo has 5,34 BN in cash reserves, Sonys market cap (value of all shares in total) is 20,15 BN so no, Nintendo can't afford buying half of Sonys shares, even if they spent ALL of their cash on it. Sony on the other hand has 8,08 BN cash reserves (not to mention the 148,93 BN worths of assets theyhave) while Nintendos market cap is only 16,62 BN  so in fact Sony is much closer to afford buying Nintendo than Nintendo is close to buying Sony. This also ignores that both companie currently have something called a buyout defense in place which avoids them being bought out buy anyone.

It helps to check facts before you post stuff like that.

Nintendo has 10.5 billion dollars in cash reserves and 0 debt.  You could say Sony has a cash reserve but their debt is bigger than their cash reserve anyway. Sony's stock is selling below the book value and their debt has junk status.

http://www.forbes.com/companies/nintendo/

 

Nintendo doesn't have 10,5 BN in cash reserves. They have 5,34. And as I mentioned Sony has 148 BN dollars in assets VS Nintendos 15,1 BN dollars in assets.

you're right, it's 5.34 in "cash on hand."  A quick search will show you a dozen articles on the $10.5  billion "cash reserve" number, which i guess includes other liquid investments besides cash.