I'm amazed its at 14 bucks now, it was 8.5 bucks last year and there is a 2nd year of losses added. No way this is worth 14.
The Yahoo market cap, book value, etc is wrong, probably because this ticker is OTC. Cap is around 16 billion.
actually i do understand what nintendo is worth but that doesn't mean the market does. i know overall that this company is great and that this is just its first blip in a very long and successful history, but i also know the silly perceptions surrounding the company.
reveals of amazing software and partnerships can make this stock go down where something as the illogical idea of nintendo putting their IPs on mobile to cannabilize their hardware sales make the stock go up.
i didn't feel like stomaching the ride and took off when i said i would. had i stayed i'd have been a little positive instead of ~600 down but i already made thousands back from purchasing another stock this last week
That said, I wouldn't be too thrilled about holding all that cash in Yen when Abe's printing press is fully engaged. Not sure about the details on that as I'm not a shareholder, though. Good luck to you, Hamp, if you're long this one.
Not a bull or stockholder, but I am gonna keep a watch on this sucker. Just saying that shorting a company with no debt and cash equivalent to 65% of its market value isn't something I would be interested in, particularly when that company has so much timeless IP. Probably trading at a 15% premium to book at the moment, as well. Doesn't mean shorts won't make a buck or two riding negative news.
Good choice. Did you even look at their balance sheet? Or have any idea the value of their IP to retro gamers, to say nothing of that IP's value for future games? About 10 minutes of research would quickly reveal that this is not a particularly persuasive short at its current level.
Nintendo Co., Ltd. Consolidated Results for the Nine Months Ended December 2012 and 2013
on this stock, right now? no. i've actually changed my mind entirely - i don't want to ride this one at all. whether it's up or down tomorrow i'm walking away. i'll take the couple hundred dollar hit and leave.
i shorted at 15.60... right before all the positive news about the US dollar, shooting the price up to19 over a couple weeks.
the downward spiral was expected, and this is a bad situation for nintendo, but let's not go crazy with the random bashing. nintendo has tons of cash reserves and even though the Wii U is doing terribly, nintendo #$%$ company is not going anywhere for a long while
personally im gonna stay short until this goes to 13-11. no matter how the situation is, whenever there's positive news about the US dollar this stock shoots right back up, if only for a while
ur lucky, i bought last year and in a week was up 1k only to see it plummet to 11+ sold at a big loss and moved on, recovered in the long run but wow