Flash_Gordon on 19 December 2012
| johnsobas said: i wouldn't buy Sony now because of the yen being devalued, that has already been baked in at this point, you already missed that boat. In fact the money printing has even started yet, and the BOJ hasn't even approved of it yet. The BOJ still says they are against it, and they are supposed to be "independent" although that's questionable. If you want to buy it because you think they will do better next gen then that is different. |
Haven't looked at Sony's financials but this is absolutely not baked into Nintendo's share price right now. Their projections have EUR-JPY at 100 and USD-JPY at 80 for fiscal 2013. NTDOY or more so 7974:JP has 8000 Y per share in cash and isn't even trading at 9000 Y. If they hit their sales projections their profit will be higher than forecast. There seems to be doubt about them hitting their numbers, but beyond fiscal 2013 Nintendo is looking really good as long as the Wii U sells. The whole selling the Wii U at a loss is most likely an outdated statement right now.
Disclosure - I own a small chunk of NTDOY.
