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Nintendo Co. Ltd. Message Board

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  • lsherwood95 lsherwood95 Dec 31, 2012 3:38 PM Flag

    seriously, am I alone here??

    Hi, you are right this message board is very quiet. I believe Nintendo is a good buy at these prices. Full disclosure, I am long with average price at $16.75. My 2 cents: this stock price has been unfairly beat down along with the gaming sector in general. Investors are overly worried that gaming is moving away from traditional consoles to mobile devices. I believe there will always be a market for traditional gaming and that Nintendo will continue to be a leader and innovator. The Nintendo brand and favourites like Mario have a large following and early sales of the Wii U are doing pretty well. Not too mention 3DS and DS sales seem very strong over the holiday season. According to Yahoo, Nintendo has $10.94 per share in cash as of end of last quarter. I think that when earnings are released in January along with positive catalysts for gaming sector such as announcements regarding X-box and Sony new consoles, video game sector stocks with rebound.

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    • workfromwork Jan 1, 2013 9:54 AM Flag

      Thanks for the replay. I am trying to help people here to make the right decision and got no answers. So lets see what good points we have to start 2013:

      * Wii u sales are steady and not declining, with a great 2013 software ahead.
      * 3DS sales are extremely high with 1 millions units sold last week only.
      * Original wii is still selling good, specially after price drop.
      * Software is selling well. high quality games.
      * Nintendo is sitting on a HUGE pile of cash.
      * Yen is weakening and will farther weaken meaning more profit for Nintendo.
      * Fiscal cliff is over, means economy will recover much sooner worldwide.
      * Price target should be 25-30 range this year.

      Sentiment: Strong Buy

25.615+0.765(+3.08%)Aug 31 4:00 PMEDT