Nintendo stock down 9% last 2 days

[SpartenOmega117]

kowenicki said:

SpartenOmega117 said:
Nintendo is definitely undervalued right now for anyone looking to go in. Yes the wii u is under performing and the 3ds is not doing so hot but even with the company's issues it still not THAT bad. The company owns the most iconic video game character in the world that will always sell boatloads. If Nintendo is really doomed with the console sales it still has the option to bring its games to the mobile platform and generate some serious dough. of course that is the worst case scenario and will likely not happen in the near future since Nintendo doing decent. Still it adds safety to the stock.

Not sure about that.  But I am sure it was grossly overvalued before.

exactly. when it was in the $50+ range it was definitiely overvalued but at $13-14 right now I think it is definitely undervalued.