I bought Nintendo when the 3DS came out. I thought the 3DS was a winner. I lost money and got out. I got back in when the Wii U sold out. I'm losing money again. Is Nintendo in a death spiral? Is Nintendo going to auger in and screw itself into the ground? Is Nintendo NinDeadCo?
Do you know that tendo means going to heaven? Kidding aside, the problem of Nintendo is that it is a japanese stock, and all such stocks are in the tank right now. The combined value of Sony, Panasonic, Toshiba, Hitachi etc, is less than 25% of Samsung. Need I say more?
Well the original Wii sold about 800000 copies in the first week, the Wii U is being reported now at 400000, however they still sold 300000 regular Wiis last week as well. Then top top it off another 500000 portable systems. SO overall i would say they are doing pretty great, we just need to sales and numbers to keep rolling in for the new systems through xmas and hopefully we see some great quarters and divis, which should bolster the stock price. Dont feel bad i jumped in at 17 myself