Cramer Evaluates Sony
On tohight’s MAD MONEY on CNBC, Cramer reviewed Sony (SNE-NYSE/ADR) as a favorite foreign value and break-up play. The company could trade at $61 to $72 instead of $45 today if the broke themselves up, and it could run a…
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On tohight’s MAD MONEY on CNBC, Cramer reviewed Sony (SNE-NYSE/ADR) as a favorite foreign value and break-up play. The company could trade at $61 to $72 instead of $45 today if the broke themselves up, and it could run a lot just on the hint of a turn. He added the value of each of the divisions to come up with that value. Sony was called a revenue machine for revenues but it is not loved by the street, but Cramer said this is a great value. It is a good value play in consumer electronics and you might even hear about a spin-off or break-up as soon as next quarter. Cramer thinks it isn’t a complete screw upand there is a lot inside worth much more than the $45 price today.
Jon C. Ogg
January 11, 2007
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