"A (Sony) breakup is long overdue"

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Lab D
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"A (Sony) breakup is long overdue"
2 months ago

http://www.bloomberg.com/news/2014-05-18/sony-breakup-would-be-better-late-than-never-real-m-a.html?cmpid=yhoo

One year and about $2 billion in lost market value later, it may be time for Sony Corp. (SNE) to take Daniel Loeb’s advice about breaking up....

A breakup is “long overdue,” Chris Konstantinos, who helps oversee about $4.5 billion as director of international portfolio management at RiverFront in Richmond, Virginia, said in a phone interview. “You could almost do what I would term a ‘good bank/bad bank’ type of scenario.”...

“Pressure is mounting,” Mike Frazier, president and CEO of Bedell Frazier, which oversees about $400 million including Sony ADRs, said in a phone interview. The market has “been frustrated for a while, but even the bull case is starting to get frustrated. For the time being, we’re staying in there but we’re contemplating our next move.”

Don't shoot the messenger.

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