While I'm confident that Nintendo's stock will be worth $30 to $40 in a couple years, I'm also fairly sure that Nintendo's stock may be worth $10 to $15 in a couple of months, and I don't think now is the time to buy.
The two things most closely associated with success of a console are being released ahead of strong competition and being the successor to a market leading system. Being released early gives you the advantages of dealing with your mistakes in the absence of competition and allows you to capitalize on the mistakes of your competition. While it is impossible to know at this point in time, it is likely that both the 3DS and Wii U will sell more than 75 Million units each with unprecidented levels of first party software sales, and when more people start to realize this the stock will stop being treated as if Nintendo was going to get pushed out of both markets this generation.
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