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Nintendo Co. Ltd. Message Board

  • tmy6611 tmy6611 Sep 23, 2008 8:38 AM Flag

    how come nintendo trades on pinks?

    thinking about buying some shares...but wondering how thet ended up on the pinks and if there is any talk on if they will switch back to maybe nasdaq?

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    • It trades on the pinks because Nintendo doesn't want to incur any expense to make stock available to American shareholders. They can sell as much stock as they need to on the Japanese market, and they don't seem particularly interested in encouraging trading or foreign interest: no official ADRs, no stock splits, 100-share minimum purchase on the Japanese market, & cash hording rather than bigger buybacks and dividends.

      The good thing about this situation for you is that you can buy any quantity of pinksheet stocks at any online brokerage, and these shares are backed by legitimate Nintendo shares. It's harder to get intraday price quotes, but there's a ready market for the NTDOY.PK shares. If Nintendo ever starts actually trying to interest investors, you should see a nice pop on the share price. If not, the earnings growth and dividends should continue to be at least decent.

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