Right, I just put in an order for $1150 worth of NTDOY (20 shares). I'm planning a two year or so hold on them, I really can't see Nintendo falling in the next 18 months.

Right, I just put in an order for $1150 worth of NTDOY (20 shares). I'm planning a two year or so hold on them, I really can't see Nintendo falling in the next 18 months.

from annual report:
"... the Company holds a substantial amount of assets including cash deposits denominated in foreign currencies without exchange contracts."
and then they say:
"The Company has foreign exchange forward contracts to reduce risk of exchange rate fluctuations and currency option contracts to reduce risk of exchange rate fluctuations and yield improvement of short-term financial assets."
So, basically, if you're not an accountant at Nintendo, there is just no way to find out how exposed they are to foreign currencies. Oh well.
the Wii is an epidemic.
I think the same goes for just about any company. It's one of the unfortunate things about being an individual investor, you are shut out of most meaningful information.
Not that I have much faith in analysts, but if you're wondering why Nintendo is up today:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aG6W4euqnHCs&refer=home
Nintendo Co., the world's biggest handheld game maker, surged 2,200 yen, or 4.2 percent, to 54,400. CLSA Ltd. boosted its price estimate on the shares by 25 percent to 100,000 yen on the view that earnings growth will continue to beat the market's expectations.
100,000 would be nice!
sweet... 100.000 which is like $108.
i've been thinking about nintendo's 2008 strategy... if they don't bring out at least 10 casual Wii titles, i'll eat my hat.
i mean, it's the way they're positioning themselves. shifting DS development resources to the Wii. bringing out galaxy, brawl, mario kart (the traditional grand slams) within 3 months of each other. their plans for 2008 must be absolutely monstrous. WiiWare and casual titles are such perfect fits.
it's a good bet what nintendo continues to do will continue to be welcomed by the "new audience". after years of DS development and 1 year of experience with the Wii, knowing what new software will expand the audience should be in their DNA now.
i realized something. when i first bought nintendo shares in january, it was because i first learnt about the Wii (i didn't even know about the DS). it was a case when you can make a judgment on a product already on the market. if i buy more shares today, i'll be betting on nintendo's superior management and direction, since the wii itself is already out of the bag. obviously i'd rather bet with available products, but the returns could even be larger if you have a good feel for where management is leading and what trends to anticipate, and you turn out to be spot on.
anyway, my 2 cents.
the Wii is an epidemic.
Must have been a holiday yesterday. Tonight the Japanese market is tanking but Nintendo seems to be holding ground. That's a promising sign that there is no pullback after a big gain.
We are getting awfully close to the all-time high again. NTDOY is 60.75 as I type this. It will be interesting to see what happens after the fed meeting. I'm pretty sure a .25% rate cut is already priced into the market.
Finally it has come back over the price i bought it for -- i had to get my relatives in america to purchase it in america, since i couldn't be stuffed setting up an international account or what not.. one thing led to another and when i wanted to buy it for $54 it was purchased at 60.55
I'm glad i'm out of the red, but expect to be back in it before the days end
60.80 btw
| tabsina said: Finally it has come back over the price i bought it for -- i had to get my relatives in america to purchase it in america, since i couldn't be stuffed setting up an international account or what not.. one thing led to another and when i wanted to buy it for $54 it was purchased at 60.55
60.80 btw |
selll, seeeeeeeeeeeeeeeeeeeeell
:P, im unsure about the near future so..
No need to sell. Barring some totally unforseen disaster, Nintendo will be very strong through the holiday season.
Personally I believe the good news extends for at least a couple of years, although Nintendo could definitely plateau in that time...I think we're already beginning to see that.
I'm confident that DS and Wii will both continue to do very well. I don't see anything really bad happening to Nintendo until both of these consoles start to age a bit more and an opportunity comes for someone to launch a proper competitor. The current systems on the market are never going to cause much harm to Nintendo, they're just too far out of line with the Big N's* strategy.
* I apologize to everyone for saying the Big N. ;)