Microsoft is 33% off its 52-week high. Sony is 50% off its 52-week high. Both have/are losing money (in video games if not overall) and layoff employees.
Meanwhile, Nintendo is 58% off its 52-week high. Even though it is setting profit and sales records.
I don't know about you. But one of these three seems more fiscally sound than the others. Now it could just be that Nintendo's stock was severely over-valued in the immediate afterglow of the Wii's release. Or it could be that analysts think a company losing money and shedding employees is a better buy than would rather a company shedding employees that makes money.
(Of course, part of this also is that Nintendo is essentially a one-trick pony. But a long-term, highly successful one-trick pony).
Mike from Morgantown
 I am Mario.I like to jump around, and would lead a fairly serene and aimless existence if it weren't for my friends always getting into trouble. I love to help out, even when it puts me at risk. I seem to make friends with people who just can't stay out of trouble. Wii Friend Code: 1624 6601 1126 1492 NNID: Mike_INTV |
