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Nintendo Co. Ltd. Message Board

  • workfromwork Jan 4, 2013 10:54 AM Flag

    Here is the explanation for today's downside

    NTDOY and 7974 suppose to mach each other more or less. In most of the cases, the price is determined by 7974 and not the other way around. yesterday price of around 13.5 was higher than the 7974 price, so today we see NTDOY correct its price. Still strong buy becasue:

    * Wii u sales are steady and not declining, with a great 2013 software ahead. sold 2+ million units already.
    * 3DS sales are extremely high.
    * 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.
    * Price target should be 25-30 range this year.

    Sentiment: Strong Buy

29.65+1.62(+5.78%)Oct 27 3:59 PMEDT