| Soundwave said: I think saying "Nintendo soars" is a bit hyperbolic though, clearly their stock looking at it over the past 2-5 years is not in good shape and yes the yen/dollar fluctuation is helping them, but look at the soaring Nikkei in comparison Nintendo's bump from the improving Japanese economy and the more favourable yen/dollar is rather modest actually. In particular the pronunced overall drop in Nintendo's stock since last November's launch of Wii U is troubling. It shows that the investors are aware of the system and its problems, it's not something Nintendo has been able to quietly hide or deflect attention from. As such it probably means Nintendo stock will be getting hammered as long as the Wii U is not performing to par. Which is why I wouldn't touch their stock with a 50 foot pole. |
I would call 18% soaring. If I can make 18% gains monthly on my investments I will soon be making these posts from my secret lair on a tropical island. I think I actually took the thread title from an article on one of the financial websites I read. And Nintendo actaully gained rapidly, much more than the Nikkei during the last month. Again, this isn't looking at the whole picture of Nintendo's situation. This is looking at the situation of the last few weeks. Good US financial info was released, the Yen dropped further, the Nikkei gained and Nintendo gained at twice the rate of the Nikkei.
Nintendo's drop over the last year or 3 years is another matter, as is their ability to recover. I'm confident in their ability to post large profits in the coming year, but that's a whole other topic.
