1bwana1
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 Re: Latest CIPA February 2019 report trend | |
There is a good potential for the industry to go through an M&A phase as revenue and profits continue to drop pushing some companies share price down. The currency for M&A is stock valuation.
Canon is setting 5 year lows
Nikon is testing 5 year lows (within $1)
Sony is within $1 of setting a 5 year high
Sony camera division is showing decent profits, but is in the electronic group that is a big money loser.
Sony has already taken big stakes in the Worlds biggest lens maker (Tamron 12%), and in Olympus (about 5%).
Sony has good currency for M&A because of its high share price. If everyone else's shares continue to fall, and Sony continues to rise, the financials of M&A become too powerful to resist. Activist investors inside of Sony are already putting intense pressure on management to do something along these lines to maximize shareholder value.
Now how this will play out is a black box at this point.
What would you guys like to see happen?
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