Items Tagged with 'Sony Corporation'

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SNE Reports Net Income of $458 Million

Sony Announced Financial Results

On May 9, 2013, Sony Corporation (NYSE: SNE) announced its consolidated financial results for the year ended March 31, 2013.
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SNE Closed on Sale of US Headquarters Building in NYC

Sony Corporation of America Announces Closing on Sale of 550 Madison Avenue Building

On March 15, 2013, Sony Corporation of America (“SCA”), a wholly owned subsidiary of Sony Corporation (NYSE: SNE), announced that it has closed on the previously announced sale of its U.S. headquarters building, located at 550 Madison Avenue in New York City, to a consortium led by The Chetrit Group, a New York-based owner of commercial properties in New York City and other major US real estate markets.


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SNE Reports Third Quarter Operating Revenue of $22.391 Billion

Sony Third Quarter Financials Announced

On February 7, 2013. Sony Corporation (NYSE: SNE) announced its consolidated financial results for the third quarter ended December 31, 2012.


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Sony Sells U.S. Headquarters for $1.1 billion

Sony Corporation of America Announces Sale of 550 Madison Avenue Building

On January 17, 2013, Sony Corporation of America (“SCA”), a wholly-owned subsidiary of Sony Corporation (NYSE: SNE) announced that it has entered into a contract to sell its U.S. headquarters building, located at 550 Madison Avenue in New York City, to a consortium led by The Chetrit Group, a New York-based owner of commercial properties in New York City and other major US real estate markets.


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Sony - Sharp Terminate LCD Venture

Sony Relationship Terminated

On May 24, 2012, Sharp Corporation and Sony Corporation (NYSE: SNE) announced that their joint venture relationship to produce and sell large-sized LCD panels and modules will terminate...


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SNE Reveals 10% Sales Decrease

Sony Financials Announced

On May 10, 2012, Sony Corporation (NYSE: SNE) announced its consolidated financial results for the fiscal year ended March 31, 2012 (April 1, 2011 to March 31, 2012).


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SNY Increases Net Loss Forecast

Sony Forecast Revised

On April 10, 2012, Sony (NYSE: SNE) revised its consolidated results forecast for the fiscal year ended March 31, 2012 from that announced on February 2, 2012.


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Sony Mobile Names Suzuki President/C.E.O.

Sony Mobile Executive Change Announced

On April 4, 2012, Sony Mobile Communications (NYSE: SNE) announced that Kunimasa Suzuki was named President and C.E.O. of Sony Mobile Communications, effective May 16, 2012, and Bert Nordberg, currently President and C.E.O., will become Chairman of Sony Mobile Communications’ Board.


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SNE Intitiates Key Leadership Shifts

Sony Executive Changes Announced

On March 27, 2012, Sony Corporation (NYSE: SNE) announced the establishment of a new management structure.


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Sony and Development Bank of Japan Announce Purchase

Sony MOU Announced

On March 22, 2012, Development Bank of Japan Inc. and Sony Corporation (NYSE: SNE) announced that they have entered into a non-binding memorandum of understanding that outlines their intent for Sony to sell to DBJ Sony’s chemical products businesses operated by Sony Chemical & Information Device Corporation (SCID), a wholly-owned subsidiary of Sony.
 


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George Putnam's Favorite Stocks for 2016

stock picks

Distressed Investing Blog

Distressed Investing Blog

2015 Bankruptcy Recap: 46% Increase Fueled by Oil & Gas/Mining Industry--Further Uptick Predicted

Looking back at 2015, research reveals a 14% decline in overall business bankruptcies but a 46% uptick in public company Chapter 11 filings—with a striking 51% of those filings coming from the battered Oil & Gas/Mining sectors. Economic indicators point to further increases in corporate bankruptcy, in general, and Energy-related filings, in particular. Just a few days into 2016, this viewpoint has already been validated by Arch Coal's long-awaited $8 billion Chapter 11 filing—and continuing oil price plummets severe enough that OPEC will likely convene an emergency meeting to address "shattered" economies. Read More.

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so why should you trust The Turnaround Letter?

  • The Turnaround Letter's 15-year returns were 11.0%--vs. S&P's 2.9%
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Spotlight: Junk Bond Market

stock market advice

MarketWatch's Mark Hulbert recently tapped George's distressed investing expertise to determine the fate of the junk-bond market and what its nearly three-year decline likely means for your portfolio.

 

Hulbert writes, "What’s really going on? For insight, I turned to George Putnam, an expert in distressed-company investing. His Turnaround Letter advisory service has handily beaten the stock market over the past 15 years, according to the Hulbert Financial Digest’s tracking, by an impressive margin of 7.3 percentage points a year on an annualized basis."

 

Commenting on the rapid growth of high-yield exchange traded funds (ETF's), Putnam notes, "They have become the investment vehicle of choice for short-term investors….Those investors tend to be trend followers and, therefore, are just the opposite of being contrarian."

 

Read the full MarketWatch junk-bond article to find out what George thinks these recent indicators likely mean for future distressed investing profit.