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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: chirodoc who wrote (1764)3/14/1999 11:11:00 AM
From: EPS  Read Replies (2) of 3902
 
FWIW I like SNE, but talking about bubbles SNE ADR's trade at PE 100 or so. Don't know too many companies in Sony's business that can manage that kind of multiples...What is the market expecting about SNEs business model? How much growth are we talking about?? Certainly SNE stock price has not been hurt too much by Japan's economic situation. While export driven SNE was a good secure play when the internal economy was in shambles, a recovery of the economy should bring them a little more down to earth??

There are certainly lots of good opportunities in Japan, but it is hard for me to find *value* in SNE...and so here we have bubble concerned analyst suggesting investing in SNE? Love it.

Victor
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