The following segment was excerpted from this fund letter.
In late September, Sony (SNE) (the "Company") disclosed the results of an in?depth review conducted by the Company with the assistance of its advisor, Goldman Sachs, over the past several months. The review was undertaken in response to our earlier conversations and to a presentation we shared on June 13, 2019, at www.astrongersony.com where we proposed numerous portfolio improvements and a more coherent capital allocation policy to improve Sony's valuation and position the Company for long?term success.
Most investors expected that following a lengthy review,