|Cape May, New Jersey|
- As I mentioned to a fellow reader. Sony was my first stock pick back in January when I had no idea about how the stock market works. I actually picked it up because I thought the PS4 would be enough to make the stock go up, but later I realized that was not the case. I am much wiser now and I read that SONY has now cut it's dividend due to it's struggle with the mobile phone business. So I could sell and put my money to work somewhere else or hold and see if they will make a comeback. It's just very disappointing that they cut their dividend since going public in 1958.
- I thought it made sense to me back in January. I didn’t know other things could affect the stock price such as currency, wars, and earnings reports. I remember Sony dipping over 20% at one point. Even now I think the stock is down 15% since I have owned it.
- I have held on to Sony for a couple of reasons. Number one being I think the company had a ton of innovation left in them and they are currently winning the console war against Microsoft. Secondly, every Sony product I have ever owned is made with the greatest of quality. Thirdly, I haven’t lost any money because I haven’t sold the stock.
- Well I had some hope until they announced the dividend cut. I have no choice but to finally sell and invest my money elsewhere.
Sell 45 Shares for $793
Would you sell Sony after the dividend cut or would you hold and wait to see if Sony will turn things around? Selling would mean a $160 loss, but you could reinvest the remaining $793 into another dividend paying company.