greenmedic88 on 02 April 2008
| FishyJoe said: A 2.2% dividend is huge for a tech company. Most don't even give a dividend. And for a video game company, I don't know any that give a significant dividend. As for the ADR, it's 1/8 a 7974 share so we will receive 1/8 of that dividend. It's a nice bonus but I'm up over 150% overall on my shares. My initial shares are up over 300%. Nintendo made 259 billion yen for the first 9 months, so they've already passed the $2.5 billion mark more or less depending on your currency valuation. I'm thinking they'll do from 70-90 billion yen profit this quarter. It would have been more but the dollar got crushed. |
Lol! No wonder you're bullish on Nintendo: they've already given you great returns, assuming you've been taking some profits along the way and increased your stake back in January. You must have initially gone in around Q2-Q3 2006 to see that kind of turn over.
And yes, 2.2% is extremely unusual for any tech company but Nintendo is actually classified as a consumer cyclical: AV equipment company like Sony or Sanyo. Not the same as an Apple, Oracle, Microsoft or Google.
Nintendo may be my least favorite when it comes to their hardware, but their stock has been absolutely golden over the past year.
