Sony To Post $2 Billion+ Loss

[CosmicSex]

kowenicki said:

0815user said:
Yay... cheap stocks to buy.

Yeah, 10% drop is possible today.  Though owning a non dividend paying share that doesnt have much growth prospects soon isnt too appealing.  Possibly a decent long hold I guess.

Interesting enough, WSJ rate SNE a Hold today.  After reading their reasons for not selling, I am not sure they should sell their mobile unit.  The problem is cutting costs because their revenue is SKY HIGH.  The plot thickens.  Positive is their revenue outpaces the industry.  Negatives (obvious) is that they have problems converting that rev into profit.  You and me would think to sell but investors look at the whole picture.  

http://www.thestreet.com/story/12882199/1/why-sony-sne-stock-is-slumping-today.html