Darren Sissons
Sony Corp. ADR
SNE-N
DON'T BUY
Mar 28, 2023
It's the Japanese Disney in that it holds some content, influence by the fate of new releases. The only fault are its mixed financial results. Otherwise, a quality company. Another concern is Japan's deep debt and the effect on Japanese companies. Doesn't want to be exposed to potential currency weakness.
Great company. Exposure to gaming consoles, subscription services, in-house content, and music. High-quality image sensors, which is tied to smart phones. Consumer electronics division is more difficult, but not enough to dent the overall picture.
(A Top Pick Mar 31/21, Down 8%) Really likes it. Still has a 2-2.5% position. Great upside runway. 44% market share of the sensor market. Leader in gaming consoles, at 64% market share. Also in smart mobility. (Analysts’ price target is $149.00)
Q4 results topped expectations. Spiderman game and PlayStation doing well. Market leader in gaming consoles, 64% market share. 44% market share of sensors. Lots of horses in stable. 12-month average price target is $130. Yield is 0.60%. (Analysts’ price target is $145.56)
Japanese companies are managed differently. There are times to own them. It's been pretty much flat to the year, doesn't see much growth for the next year. He'd pick some of the US tech companies instead.
Diversified. PlayStation had supply chain disruption, but now picking up. One of the 3 main music companies, and that business has seen a resurgence with streaming. Lots of potential for cross-synergies between shows and gaming. Really good IP. Yield is 0.62%.
Has done well. Well run, but US is the place to look for tech. You'll probably do OK with it, as technology will continue to encroach into the economy and everyday life. This will benefit the sector, and Sony will take its share.
Not great over the years, suffering from a bloated infrastructure and lacking focus, like many Japanese companies. It should be split into a few companies.
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It's the Japanese Disney in that it holds some content, influence by the fate of new releases. The only fault are its mixed financial results. Otherwise, a quality company. Another concern is Japan's deep debt and the effect on Japanese companies. Doesn't want to be exposed to potential currency weakness.