Beeindruckender Artikel, sorry falls schon mal gepostethttp://seekingalpha.com/article/1112741-ignore-sony-at-your-own-risk Even after accounting for its recent convertible bond offering, SNE is worth one-fifth the value of RIMM and one-third the value of NOK based on price to sales. Think about this. Why do Nokia and RIMM deserve to be valued at a 200% and 400%, respectively, premium to SNE? ... Consider the case of Sony/Columbia Motion Pictures. This division generated $8.1 billion in revenues in 2012, roughly one-tenth of SNE's revenues and it had a 16.6% market share, which ranked it No. 1 in the movie industry. By comparison, Lions Gate (LGF) had a 7.3% market share and has a market cap of $2.4 billion. SNE had a market share 2.27 times larger than LGF, so using simple math one could assume that SNE's motion picture business should be worth 2.27 times the market cap of LGF, or $5.5 billion. ... As you can see, SNE's stock is underperforming the overall Japanese market. I believe this will change shortly. Ein Blick auf die Kommentare:- Sony has a whooping $9 Billion net cash position (?) vs 11 Billion of Market Value.- Sony is the picture of Japan economy: No growth / Currency Hurting Exporters. I agree with the author of the article and this trend seems to be changing finally. There is a major consensus in Japan that the YEN need to be weaker to help a mainly exporter economy.
- With the YEN at these levels, about 89 vs dollar Sony is already another company, much more competitive and this will bring a new perception of the market with the company with a huge rebound in margins in the televisions side.
- The news products released, like the Xperia Z and Xperia XL smartphones was a major win at CES 2013. The phones win almost every press award of the event.
- Sony brought Olympus stake at a very cheap price and the company is performing well in the Japanese Stock Market after the fraud recovering more than 150%.
- Gaming Division should release the new Playstation 4 in the first half of the year and learned with the wrong strategy of the Playstation 3 (high cost and complicated architecture for gaming developing). -----------
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