Lingyis on 01 August 2007
market cap update:
7,848,463 mln yen = $66.5 bln yen. at 50,000 yen, would be $60 bln yen.
to have a forward p/e of 20 they need to make $3.33bln this fiscal year, or $3bln at 50,000 yen.
last quarter: $0.66 bln.
at this rate, it's $2.64bln, for a forward p/e of 25. extremely reasonable. not counting the bumper x'mas quarter, very fair price.
given that the market is only gonna expand, and nintendo is gonna stay on top for at least another 2, 3 years, if it even gets down to 50,000 yen it's downright cheap.
the Wii is an epidemic.
