SNE (Sony Corporation) - Continuation

Since March 10 (a day before the earthquake in Japan) until today, SNE stock fell by 10%.

Market capitalization of SNE before the earth quake was $34.5 billion, now it is $31 billion. If you were to buy the whole business today, you would pay $3.5 billion less on Monday then on Thursday last week. The total damage to one plant is around $10 million according to the media. Production has stopped for 2 days in 6 out of 10 plants due to power shortages, total production loss cannot exceed $50 million, so let's say for the sake of easier calculation and comparison that the total damage to Sony business globally is $100 million. On NYSE the total damage was assessed to be $3.5 billion or more if the stock continues to plunge.

Let's see what will happen with SNE in the next few days.

Damian Kosutic