Sony: A Strong Buy As It Resists Third Point Break-Up Plans [Seeking Alpha]
SONY CORP (SNE)
Last sony corp earnings: 10/31 04:02 pm
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Source: Seeking Alpha
Sony: A Strong Buy As It Resists Third Point Break-Up Plans The stock price of Sony (NYSE: SNE detailed Third Point's break-up plan is a fallacy. Much of the strength of the company lies in its Internet of Things and Digital Entertainment Hub integration. Other divisions such as the Pictures and Phone Divisions are part of this. Sony refuted the Dan Loeb thesis in a shareholder letter Any break-up of a conglomerate might be desirable on two factors: Stock Price & Valuation I have been recommending Sony for some time now. The 3 year stock price this year shows what a good holding this has been: Charles Schwab. A 100% increase in value over 3 years is not common among well-established diversified conglomerates. Dan Loeb's Third Point sold out their previous 7% position when Sony ignored their demands in 2013. In fact if Loeb had wanted to be a long-term investor then he would have approximately tripled his money as the 5 year chart shows: There is a history of Sony surprising at earni
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