Sony (SNE) ends production of its PlayStation 2, a move which will add strength to rumors it...

Sony (SNE) ends production of its PlayStation 2, a move which will add strength to rumors it will pour resources into the development of the PlayStation 4. The company hasn't issued any official comment on plans for its next handheld gaming console, although it's widely believed an announcement will be made by mid-year.

From other sites
Comments (2)
  • DeepValueLover
    , contributor
    Comments (10727) | Send Message
    Sony is one of the world's cheapest large company stocks.
    2 Jan 2013, 07:53 AM Reply Like
  • Island_Dweller
    , contributor
    Comments (586) | Send Message
    Been reading your comments for a while now DVL, and while we have differing views, this pick is one I can totally get on board with.


    PM Abe has called for 90 yen/usd. Let's say it stabilizes at 85-ish. I don't think the market is factoring in the devaluation of the Yen and the upward impact on heavy Japan exporter's earnings, particularly SNE. As the Yen has tumbled, SNE has only moderately popped from under 10 bucks.


    You get a yield at 2.8%, a stock trading at .38 of book value, yen turn around, a (relatively) new CEO putting forth a restructuring plan, and an (initially) economic minded government.


    Of course you have these facts in mind, but when you put them down and review SNE's storied history, you have...


    "one of the world's cheapest large company stocks"


    I'm a buyer here as SNE is my pick for playing the yen, Nikkei, and the company's aggressive restructuring. Limited downside risk with many catalysts looking to prop the company up as it attempts to turn itself around.
    2 Jan 2013, 01:09 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs