I was thinking about buying more today in 68 range and after reading this I've made my decision. My favorite part is where they call Nintendo a low P/e and high growth stock. Anyone know the P/e of NTDOY right now?
OUTLOOK 08: Tokyo Stocks Ready For Higher Tide In 08 After Ebb Wednesday 12/19/2007 9:24 PM ET - Dow Jones News
By Ayai Tomisawa Of DOW JONES NEWSWIRES TOKYO -(Dow Jones)- After this year's washout for Japanese stocks, the tide may turn in Tokyo's favor in 2008 as investors return to scoop upoversold blue chips trading at bargain-basement valuations, senior equities strategists say. They expect many of the foreign market players who pulled out of Tokyo in the past few monthson fears for the sluggish Japanese economy and its strengthening currency against the dollar to pile back in
"Middle Eastern sovereign wealth funds, estimated to account for about 60% of global SWFs, are champing at the bit to hunt for bargains among inexpensive blue chips with lower price-to-earnings ratios and high growth prospects, like Toyota and Nintendo Co. (7974.OK), Miyajima says. "They are ready to invest as much as Y1.2 trillion, mainly in world-class stocks," says Miyajima."
-By Ayai Tomisawa, Dow Jones Newswires, 813-5255-2929, firstname.lastname@example.org
> Dow Jones Newswires 12-19-07 2123ET Copyright (c) 2007 Dow Jones & Company, Inc.