I love that they are branching out into new businesses and I agree long-term they'll figure it out. I am anxious to see their first mobile game though. They really need to hit a home run with those as the near doubling of their price this year has been mainly due to them going into mobile.
They would need everything to go right to go to $80 IMO. If you valued them just based off of their profit from FY14, they would be severely overvalued. The price has been at 20-24 of late because investors know how big the potential revenue streams Nintendo could have are. But they still have to execute. They have to have winners on the mobile platform and the NX has to be a much bigger seller than the Wii U. They need to sustain and grow Amiibo and other toy sales and they need to realize the licensing revenue from partnering with Universal. And they probably need to continue to explore other streams such as licensing IP for TV and movies.
I'd be a bit more conservative and aim for $45-50 in three years. I know that isn't as enticing a prediction but just my gut feeling.
A really great artical came out in Barron's Magazine...Rec. NTDOY-Nintendo....great write up...please see...
NTDOY up near 9% today based on a fantastic first quarter that showed them maintaining profitability against analyst expectations. Hope they can keep it up through the rest of the year.
It's a smart move - I think right now it is mostly only fluctuating on currency rate changes so picking up shares around 20 and selling around 21.5-22 is a pretty solid way to make some cash over the short-term.
You are right. I sold some and will pick up again when we float back down to 19-20, which looks like bottom of range.
You should be deeply ashamed of and for yourself...as to your comments of our very loved and revered past President of Nintendo Japan.
To the extent it was after Nintendo released the DS and Wii? Both of those systems represent huge successes for Nintendo and both were spearheaded by Iwata. People tend to forget that now because of how bad the Wii U is doing.
Maybe you should reread Iwata's accomplishments. In recent years, the dual-screen handheld and motion controls are two innovations that he spearheaded.
When people complain about Iwata, they complain about his refusal to follow the same path as Sony and Microsoft. They bemoan that he doesn't just output a high-performance console that caters to third-party vendors and they ask that he stop trying to innovate as some innovations have been gimmicky.
He was a pure visionary - he had an idea of what Nintendo and what video games should be and always stuck to it. When it worked, Nintendo skyrocketed. When it didn't, they bottomed-out. That's what happens when you follow a visionary.
to be honest, you will not find another Iwata. He was a visionary. Hopefully all his plans are already in place because I believe Nintendo was on the upswing before this.
Regardless of price action in the AM, this is a BUY on speculation of a visionary replacement. Even if it was 1986's ALF, it would be a better fit than 21st century's Satoru Iwata. No brainer to buy on the Nikkei algo dip!
Sentiment: Strong Buy
Does anyone know when we get our dividend? From Nintendo's website below but I have not received anything.
Jun. 29, 2015
Commencement of the Payment of Year-End Dividends for the 75th Fiscal Year
Why did you just copy and paste the dude's comment from below? I don't doubt Nintendo's potential but people need to understand simple economics. Nintendo isn't going to hit 70 until they fully realize all of their revenue streams (Amiibos, mobile, theme park licensing, and their consoles, meaning their new console NX). That won't be until 2017 IMO.
They need to show significant profit to be at 70. Right now they are overvalued based on their current profit alone by a large amount. That is because the immediate upside from their new venues is already factored into the price.
Last weekend Barrons had a good article about NTDOY. It will quadripple in 3 years. wait and see - next year projected price $70