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Nintendo Co. Ltd. Message Board

  • lsherwood95 lsherwood95 Dec 21, 2012 3:54 PM Flag

    Nintendo thoughts

    Hi folks, I own shares and have been following the message board for some time. I believe the drop in Nintendo stock is due to the overall lack of strenght in the video game industry right now. People think video games are dying and Nintendo stock is getting beat up unfairly because of it. A few months ago, the CEO lowered guidance and because as of the end of last quarter Nintendo was losing money this has led to negative sentiment. I think that once the next quarter earnings are released we are going to see the stock price turnaround. I don't believe that the Wii U is as revolutionary as the original Wi, but it seems to be selling well and analysts are projecting solid sales over the next several years. My opinion is that once we get a couple solid quarters of earnings in, this stock is going steadily up.

    According to Yahoo, cash per share at the end of last quarter is $10.94 per share. At this point I would think limited downside risk with very large upside potential.

    Just my 2 cents, Good luck all.

    Sentiment: Buy

30.47-1.89(-5.86%)Oct 21 3:59 PMEDT