Sony Corp. (NYSE:SNE) (6.1%) (SNE – $48.28 – NYSE) is a diversified electronics and entertainment company based in Tokyo, Japan. The company manufactures image sensors, PlayStation videogame consoles, mobile devices, consumer electronics, and mirrorless and professional cameras. It also operates the Columbia film studio and Sony Music entertainment group and hold majority ownership of Sony Financial Services. We expect growth opportunity in image sensor and game business, and operational improvements in consumer electronics and entertainment to generate EBITDA growth through 2020.
From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund fourth-quarter 2018 shareholder letter.
