[Infamous Chris]

Think it's Wall Street Money Never Sleeps

Thanks.

[RukusProvider]

http://finance.yahoo.com/q?s=Sne&ql=1 Sony stock price hovering around a 52 week low. None of Sony recovery plans and reveals has done anything (so far) to build investor confidence. We shall see. The next psychilogical hit for the stock would be going below $15 and then obviously below $10

Sony stock price officially at 52week low. Outside of a downwards blip during the crash of 2008, the price hasn't been this low since the 90's (based on my quick observation).

http://finance.yahoo.com/q?s=SNE&ql=1 Closed today at $15.97

In contrast, here is the NASDAQ performance during the same period:
http://finance.yahoo.com/q?s=^ixic

[Captain Tuttle]

Sony stock price officially at 52week low. Outside of a downwards blip during the crash of 2008, the price hasn't been this low since the 90's (based on my quick observation). http://finance.yahoo.com/q?s=SNE&ql=1 Closed today at $15.97 In contrast, here is the NASDAQ performance during the same period: http://finance.yahoo.com/q?s=^ixic

Let's hope that investors are wrong about Kaz and his plan

[Log4Girlz]

Yet another 'tech writer' sucking on Apple's proverbial you know what. There is absolutely nothing amazing about Apple's phone, but that doesn't stop the 'press' from making the statement so matter of factly, with literally nothing to back it up. I guess popularity should always be equated with quality.

Everyone I know who owns one thinks its amazing. Do people's opinions not matter anymore?

[OldJadedGamer]

Sony stock price officially at 52week low. Outside of a downwards blip during the crash of 2008, the price hasn't been this low since the 90's (based on my quick observation). http://finance.yahoo.com/q?s=SNE&ql=1 Closed today at $15.97 In contrast, here is the NASDAQ performance during the same period: http://finance.yahoo.com/q?s=^ixic

Wait, so the stock is the lowest since before they entered the game industry (Sega CD games not counted)

[RukusProvider]

Wait, so the stock is the lowest since before they entered the game industry (Sega CD games not counted)

It would seem so. I'll be curious to see where it goes after their financial report.

[bigtroyjon]

For Japanese companies it's better to look at the stock price from the Tokyo market, the ADR is just a representation of that price and can fluctuate because of exchange rate.

http://www.google.com/finance?q=TYO:6758

Sony has actually hit a new low every day for the last 2 weeks except for last Thurs.

[railGUN]

http://youtu.be/Md98jDOszeU?t=2m51s

[CadetMahoney]

Might have to pass on this hot stock tip to Brera.

[90sRobots]

Local vidyagaem beat writer didn't know that Sony was in such bad shape (despite it being his job to know). He's very excited about the Black Ops 2 stand at his local Gamestop though!

[Barkley's Justice]

Writing is on the wall for optical drives in PC's IMO. More than on the wall even. Its very obvious. How long until we reach that point is unknown though.

yea, just a matter of time before macbook pros drop the drives and then eventually imacs, etc

[NavNucST3]

With respect to DD pricing, I can't remember which quarterly report it was and it is possible it was a couple but Netflix (FD: I'm a shareholder) made it pretty clear that the DVD business made them money while their streaming business lost them money. This was one of the reasons for the asinine and fleeting separating of the businesses. What many don't take into account is that the physical business is typically a fixed cost whereas streaming costs can be really difficult to predict.

[Acheron]

With respect to DD pricing, I can't remember which quarterly report it was and it is possible it was a couple but Netflix (FD: I'm a shareholder) made it pretty clear that the DVD business made them money while their streaming business lost them money. This was one of the reasons for the asinine and fleeting separating of the businesses. What many don't take into account is that the physical business is typically a fixed cost whereas streaming costs can be really difficult to predict.

Almost the complete opposite. Streaming is highly fixed in cost (though increases for relicensing) whereas postage remains a painful variable cost. The spinoff of Qwikster would jettison the far less attractive mail business.

[Mammoth Jones]

If DD pricing on PSN is any indication physical media isn't going anywhere....

[Jive Turkey]

Might have to pass on this hot stock tip to Brera.

He's way ahead of you.

bejeweledhomerlaughing.gif

[OldJadedGamer]

If DD pricing on PSN is any indication physical media isn't going anywhere....

That is retails fault. They are the weakest link in the chain.

[NavNucST3]

Almost the complete opposite. Streaming is highly fixed in cost (though increases for relicensing) whereas postage remains a painful variable cost. The spinoff of Qwikster would jettison the far less attractive mail business.

Netflix margins on their DVD business are >50%. Netflix margins on their streaming business are 11%. How does one derive "far less attractive..." from that?

[bigtroyjon]

Netflix margins on their DVD business are >50%. Netflix margins on their streaming business are 11%. How does one derive "far less attractive..." from that?

Because the margin on streaming is growing every quarter and the dvd margin is rapidly shrinking, it's sitting at 45.7% in the latest quarter.

Streaming scales far better than the physical business and doesn't have costs that are out of Netflix's control.

[Mindlog]

Netflix margins on their DVD business are >50%. Netflix margins on their streaming business are 11%. How does one derive "far less attractive..." from that?

Sell high, buy low? It could have been a move based on perceived long-term viability. I know there was a recent thread in the OT that was pretty bullish on shrinkage in the mail-in market. Retail rental boxes were the only physical media demonstrating strong growth. Sure Blu-Ray was demonstrating growth, but not at a rate commensurate with a true successor to DVD.

I saw Sony dip into the 15 range, but post a small rally. It's a shame that rally couldn't hold at close.

[Chuck Norris]

Sony stock price officially at 52week low. Outside of a downwards blip during the crash of 2008, the price hasn't been this low since the 90's (based on my quick observation). http://finance.yahoo.com/q?s=SNE&ql=1 Closed today at $15.97 In contrast, here is the NASDAQ performance during the same period: http://finance.yahoo.com/q?s=^ixic

To buy or not to buy

Surely they have to turn it around soon?

[RukusProvider]

To buy or not to buy Surely they have to turn it around soon?

You are a braver man than I. Go for it.

[bigtroyjon]

To buy or not to buy Surely they have to turn it around soon?

Why do they have to turn it around?

If you can answer that question with a logical response, then go ahead and buy. If not, then there will be plenty of time to jump on board after they actually do start to turn things around. Better off waiting until it happens, trying to time the bottoming out of a company is a great way to lose a lot of money.

[Chuck Norris]

Why do they have to turn it around? If you can answer that question with a logical response, then go ahead and buy. If not, then there will be plenty of time to jump on board after they actually do start to turn things around. Better off waiting until it happens, trying to time the bottoming out of a company is a great way to lose a lot of money.

That's the issue, I don't see any products that will immediately turn their fortunes

Perhaps E3 will change that

[mujun]

That's the issue, I don't see any products that will immediately turn their fortunes Perhaps E3 will change that

Seems to me (as a casual observer) that they'll need a pretty considerable restructuring to turn things around in a couple of years or a string of hit products to turn it around over 5+ years.

[Mario007]

That's the issue, I don't see any products that will immediately turn their fortunes Perhaps E3 will change that

Their gaming division is not what is causing the stocks to go down, so even a balls-awesome E3 wouldn't have any effect. The turnaround will, at soonest, come with Q2 results in about 3-4 months (alternatively a great report at Q1 meeting saying that Xperia S is selling like hotcakes could also help boost the shares as the phone market is very very important nowadays)

[Akainu]

This isn't even about gaming any more why is this still here?