EllensProphet on 05 October 2007
I have the same story about telling an "investor" co-worker about Nintendo, and he said it is already overpriced back in November of 2006. Made me realize I should change jobs. If the GS rating means that Wall Street has discovered the Wii, and realized the the PS3 is the PoS3, then the stock could command a much higher P/E. The leading P/E is only 20 or 22, depending on which number you use, so there is room to move up anyways. This holiday season we get a taste of what earnings for the next two years will be like. Here is a good link: http://www.informationarbitrage.com/2007/10/gs-nintendo-cou.html
The urge to play is a terrible thing to waste.
