Lingyis on 25 July 2007
NTDOY is still worth a buy.
forward P/E is only around 22, if nintendo achieves their $3bln forcast.
by contrast apple has a foward P/E of around 29.
and nintendo's best days rates to be ahead of them.
i've averaged up today--not buying last week at $49 is a mistake. this would be the 3rd time i buy into this stock.
$100 by end of year is optimistic, but this stock has so little downside (currency risk) and $80 by end of year should be achieveable.
that's still 33% return in less than half a year.
yes, i might be overpaying for it today, and there might be pullbacks. but all in all $60 seems very fair right now.
the Wii is an epidemic.
