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Nintendo Co Ltd. (NTDOY)
Nintendo stock downgraded on fears of slowing system demand
Nintendo stock downgraded on fears of slowing system demand
Joystiq.com - March 20, 2008
Submitted by vGInfidel (150) at 6:39PM PST on March 20, 2008
KBC Securities Japan recently downgraded Nintendo's stock from a "buy" to a "hold" recommendation because of worries that Wii and DS sales will slow after "explosive growth" in the last year. The KBC report also includes a 30 percent cut in its 12-month price estimate for Nintendo stock and is based on worries that the company will see its revenues continue to suffer as a result of the weakening American dollar. KBC's outlook stands in stark contrast to Nintendo's own bullish profit estimates.
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2DrMarioKart posted on Nintendo Co Ltd. (NTDOY) at 7:02PM PST on March 20, 2008. RE: Nintendo stock downgraded on fears of slowing system demandThats ridiculous. Historically consoles dont explode and fizzle out. Normally as time goes on, they WIDEN the gap between themselves and their competitors, while their competitors, despite more frequent price drops, trail further and further behind.
Developer support creates a certain amount of momentum which is what the all powerful marketshare is supposed to be good for.[ Veteran ] [ Level 22 ] [ Rank: 448 ]bids
25vGInfidel posted on Nintendo Co Ltd. (NTDOY) at 6:39PM PST on March 20, 2008. Article: Nintendo stock downgraded on fears of slowing system demandKBC Securities Japan recently downgraded Nintendo's stock from a "buy" to a "hold" recommendation because of worries that Wii and DS sales will slow after "explosive growth" in the last year. The KBC report also includes a 30 percent cut in its 12-month price estimate for Nintendo stock and is based on worries that the company will see its revenues continue to suffer as a result of the weakening American dollar. KBC's outlook stands in stark contrast to Nintendo's own bullish profit estimates.[ Oracle ] [ Level 22 ] [ Rank: 150 ]
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I see this downgrading more of a side-effect of the general worry in the economic markets rather than a reflection upon Nintendo's consoles themselves.