| kowenicki said: There is no doubt that Nintendo stock has taken an absolutle hammering this year, down approx 45% in a year and over 15% since the WiiU announcement, this continues today and as of right now the stock is down 2.3% just today. Nintendo total hardware sales are down quite a bit even after launching a new handheld in the 3DS and following the aggressive price cut for the Wii worldwide. Is Nintendo a buying opportunity as Reggis says or does the share price have further to fall? Either way investors and market makers are less than impressed with Nintendo at the moment and they are showing this by dumping the stock in quick time. Here Reggis talks to WSJ and gives his take on the situation.... He looks pretty nervous I have to say, which is odd, but its an interesting interview. (Apologies I cant embed - can someone else please?) http://blogs.wsj.com/digits/2011/06/17/video-nintendos-president-discusses-stock-drop-new-wiiu/ I'm very tempted to chuck some money at this.... |
It's still like $200 USD a share, which is what now, 130 Pounds?
The strong Yen is a larger market force that has been conspiring against Nintendo's revenue, and a generational transition is always hard on sales and R&D costs. Given that a generation is around 5 years and we're hitting the five-year-low mid-transition, it's nothing too bad
If or when 3DS picks up and Wii U premiers, we'll see it bounce back
Monster Hunter: pissing me off since 2010.
