Nintendo Investors Meeting - 8:00 PM EST (15 mins left)

[Somini]

superhippy420 said:

Somini said:
Why are they buying stock back? Simply recalling it is not an option? Also does mean we have the WiiU overtracked? As stock must be very high for them to decide something like this!

Companies generally buy back shares of stock when they want to increase the price of the stock, due to their being less supply.  It's a legal way to try and manipulate the market, so that when the shares go up they can resell them for a higher price.   It's legal in the U.S. because they are still assuming the chance to have it go down by even more.    It also is done to increase stockholder confidence.  If Nintendo is confident enough to buy its own stock, then more people will want it because they think Nintendo knows something that we don't know about the future.   

Oh i see. Such an interesting strategy. I wonder if it's illegal in the EU though. EU doesn't like market manipulation that much..