Third Point's latest thoughts on Sony

Criticism of the current board and management at Sony (SNE -1.3%) is dialed up a few notches, although the overall tone of Third Point's letter is positive.

Dan Loeb says Sony will benefit from economic headwinds.

On the upcoming PlayStation 4, Loeb notes "the visible improvement in Sony’s new products has caused us to rethink our approach to valuing Electronics." He thinks devices and games can help make up for the slim margins with Sony's TV business.

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