Soleron said:
They're valued at $2bn. Twitter is valued at $34bn and has never posted a profit, ever. If there's even a chance of a turnaround Nintendo is great value. |
Of course it is. I've bought and sold their shares twice in the past year and have been very pleased. They're a safe buy becase when it gets down to about $13 per share, you're almost buying just a share of their cash reserves with their assets having almost $0 value, which is of course a joke. Their shares should be about $26, even in the bad times.
But regardless of the value and where they should be, what's more important is where they will be. The media's gonna jump on this and say games are doomed because of tablets and I think the shares will go down really low. I wouldn't be surprised to see them selling as low as $8 like a year or so ago. That's when I'd buy, and you can sip expensive whiskey and smoke some Cubans when it goes back even to current levels.
