Thanks
I am curious what this stock will do over the next couple months. There is some surprise in September which may turn out to be nothing. But when they officially pass 360 as the ww leader that should be big news.
The Japanese market is getting crushed, a lot of panic selling. We'll probably drop to the $58 level tomorrow I'm guessing. Oh well, these things happen. It will be interesting to see what happens this week.
Here is another website that lists it, but it shows the Japanese numbers:
http://www.advfn.com/quote_Nintendo-CO_JSX_7974.html
Stock is taking a hit today. If you really wanted to buy some not might be the time.
I remember last year before the Wii launched, lots of message boards kept saying, "Oh I would sell right after the Launch/Holidays"... Boy I'm glad I did not listen.
or, yahoo japan: http://quote.yahoo.co.jp/q?s=7974.o&d=c&k=c4&z=m&t=1d
5% is pretty substantial for a stock with $70bln market cap, although NIKKEI itself is down over 2% on the day.
given the subprime climate, there would be continuous credit squeeze around all capital markets. my opinion is that it'll be a bear market for at least another 2, 3 weeks. after which... see-sawing for a while.
i'll be quite happy if towards the end of the week nintendo is trading at around 50,000 yen, because that should be enough safety margin to buy given the strengthening yen backdrop.
50,000 seems kind of unlikely though. the story is just too good.
the Wii is an epidemic.
market cap update:
7,848,463 mln yen = $66.5 bln yen. at 50,000 yen, would be $60 bln yen.
to have a forward p/e of 20 they need to make $3.33bln this fiscal year, or $3bln at 50,000 yen.
last quarter: $0.66 bln.
at this rate, it's $2.64bln, for a forward p/e of 25. extremely reasonable. not counting the bumper x'mas quarter, very fair price.
given that the market is only gonna expand, and nintendo is gonna stay on top for at least another 2, 3 years, if it even gets down to 50,000 yen it's downright cheap.
the Wii is an epidemic.
Looks like there is a big selloff tonight. Not sure what if anything is fueling it other than speculation. We'll have to see how the rest of the trading day goes.
My knowledge of the stockmarket is very limited, how high is *possible* and how high is it *likely* to reach? (i mean in terms of the cost, like right now it is 58.75)
I don't think anyone can really answer that question. Theoretically, there is no limit. Look at Microsoft, it continued to go up for decades.
right now at 51600 yen, i.e. $54.2. big sell-off today, whether it's risk-aversion rising, or yen apprehension, or simply profit taking, or credit crunch due to subprime... no idea. but fundamentals haven't changed--unless the observation of wii's in stock in japan is sending worry signals to some, which is actually legitimate.
market cap now standing to a tad over $60bln. again, i think they can achieve $3bln profit this coming fiscal year. if it gets even closer to 50,000 yen, i'll definitely buy some NTDOY tomorrow (hopefully at around $52).
the Wii is an epidemic.