Ail on 17 June 2011
| HappySqurriel said: As a general rule, most investors make very bad decisions ... It isn't that unusual to watch investors sell their stock which has already been over-sold to buy into a stock that is over-bought; and I think this has been impacting Nintendo's stock for quite some time. When Nintendo surprised people and had a break out success with both the Wii and DS people rushed to buy Nintendo and the stock price was soon worth far more than was justified; and now that Nintendo's share price has fallen, people are selling driving the price far below what is justified. |
The current P/E is around 24 I would hardly think that it qualifies as being under priced....
Especially as the average P/E for S&P 500 members for example is 14...( I know Nintendo isn't a S&P member).
The growth prospect for Nintendo over the next few years aren't that great either compared to most S&P companies...
PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !
PS3-Wii gap : 20 millions and going down !
