Sony?
Of all the Wallstrip companies we covered so far, Sony was the one that was not Wallstrip worthy based on price. The point of the show was to discuss how a stock and a great product do not go hand in hand.
Things are changing…fast. As of today, the stock is up 30 percent since the show.
I am thinking of pulling the trigger on a little weakness. Here is why. I like tech. I like video. I like PSP’s. I like Japan. I like the brand.
I like the fact that all you hear about is the Wii, but Sony is rising.
I think t’s their dominant position in video that has crept into the picture. The web in 90 years will be all voice and video.
If you knock off the run of 1999-2000, the stock is hitting all-time highs .
Thoughts?
i rock. plain and simple. go to bed. any snow over in the ville
First thought is that you have set a new record:
Total Words in Post: 145
Total Words hyperlinked: 140
That’s 96.55% linked.
I crown you the king of links.
Well now you changed the HTML and made me look the fool. Well played, Lindzon, well played :)
Some snow but melting on impact.
I don’t watch Cramer often, but happened to see a segment he did on SNE recently. He broke up the company a did a valuation of SNE by comparing each of its divisions to a comparable, yet conservative, publicly traded company. If I remember correctly, he came up with a $65 overall valuation. The stock was trading at approx $45 at the time.
Bottom line: This made sense, and Cramer was using conservative comparisons. SNE is an extremely strong brand…they aren’t going anywhere. The only thing I dislike about the stock is the gappy price action on the bar charts. That said, new multi-year highs today, solid upside momentum…I’m a buyer here.