After years as an ungainly conglomerate, Sony (SNE) may now be limber enough to make some effective acquisitions to the benefit of shareholders.
For many years, Hedgeye Technology analyst Ami Joseph saw Sony as a company that constantly “shot itself in the foot.” After streamlining its many operations, Joseph turned bullish on the conglomerate in late 2017.
“Now that Sony has shifted from this moving-in-every-direction behemoth and stepping on every ugly branch while doing it, they now are more focused and streamlined and successful and can actually start to take their excess free cash flow and put it strategically into those divisions,” Joseph explains in the clip above.
Watch the clip for more.
