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Forums - Gaming - Nintendo hes a higher chance of going bankrupt then Sony - Explaining why

Are you stupid? No i mean this seriously. A Company then have Billions of Cash reserve is more in danger then a Company then is official "Junk".

it is interesting. In the Internet can everybody choose what they can be, but why every one choose to be a idiot?

 

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Dragon246 said:
http://www.macroaxis.com/invest/market/NTDOY--Nintendo-Co-Ltd
more than 76% chance of bankruptcy

http://www.macroaxis.com/invest/market/SNE--Sony-Corporation
less than 48% chance of bankruptcy

I remember how this site (microaxis) and its figures were taken as gospel truth by some earlier. How is the feeling now?


Yep - guess they are meaningless now they show the opposite lol



Says you? You should get a job on a rating agency and then tell them that.

 

Money in the bank means you dont bankrupt (and Nintendo did posta profit overall. They had an operating loss wich is different). Wether their business model is good or bad, aslong as they arent in debt they dont run the risk of bankruptcy.

Debt means you run the risk of bankruptcy. Sony has that.

 

Now the sucess of the Playstation 4 and the closing of unprofitable sections will give confidence to People who invested on Sony, but the only one of the two in risk of bankruptcy is Sony.



Sony is selling the PS4 at a loss. 



Correct. They might have tons of cash reserves, but if the demographic they are trying to appeal to has moved on from them, they might be in a much more serious issue than just failing to sell the Wii U.



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Nintendo has about $8-$12 billion dollars in cash, so no.



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Nintendo aren't going away anytime soon. But Sony seem to have played their cards right this time, I admit.



kowenicki said:
sales2099 said:
Nintendo isn't 17 billion in debt......


to be fair, neither is Sony... many companes carry debt, they also have cash to hand and assets.

but yes... as I posted in another thread a few minutes ago, the numbers are alarming for Sony the last two years since Kaz walked in.

 

Yes, $17bn debt is correct, but with about $18bn in cash and short term deposits.  Yes that is fairly awful (especially when this debt will be VERY expensive for sony to refinance due to Junk status).

Total liabilities are $127bn, assets just $150bn. 

BUT... and it is a big BUT, net tangible assets are just $10bn, you know what?  that was $20bn two short years ago.  If it drops by the same amount again in the next two years they are technically insolvent.

Cash reserves also down by 30% (from $12bn to $8bn) in just two years.

They need to turn this around very, very quickly. 

I love your analysis Kowen, never change!!!



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VitroBahllee said:
The spelling mistakes in the thread title make it impossible for me to jump into that much text that is written with the same level of quality.

But Nintendo has huge cash reserves so the idea is wrong even without reading it.


I'm not agreeing with him, but cash reserves aren't everything. BlackBerry has huge cash reserves and they are pretty much fighting for their lives because they have only one product and it isn't selling like it should.