Sony stock hits new 52 week high

Mystro-Sama

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Mystro-Sama on 23 January 2015

I really hope they get their shit together because I still fail to see where all the cash they make is going.

sales2099

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sales2099 on 23 January 2015

Yup, downsizing to a smaller, more focused company.

Recently in Canada Sony announced the closing all their Sony retail stores...........I would lie if I said I had no feelings on the matter :P

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Vengeance1138 on 23 January 2015

sales2099 said:
Yup, downsizing to a smaller, more focused company.

Recently in Canada Sony announced the closing all their Sony retail stores...........I would lie if I said I had no feelings on the matter :P

Dark times indeed, Target is also getting the heck outta dodge, closing all Canadian stores, despite having to take a $5.4B loss in the next quarter cause of it. Hopefully Sony doesn't take a similar hit on this.

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platformmaster918 on 23 January 2015

kowenicki said:

daredevil.shark said:
I hope they can make a comeback.

They arent trying to make comeback.

I think you are missing the point and their direction.

They have massively downsizing and are exiting markets. THATS why the stock is rising. It isn't a comeback, it s a repositioning as a small and more focussed business. Pretty much exactly what I said would happen years ago. But I was a doom merchant. Sony now is very different to Sony of 5 years ago and it will continue ifor a few more years yet. Profitability has to show through from now on... and I think it will. Next they need to completely ditch mobile. The work would then be complete.

but they still have TVs. Hasn't that been one of their big money losers in the last decade?

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