Based on Nintendo's dominant position in the console wars, earnings should continue to outpace sales at Microsoft's and Sony's video game divisions. But a deepening recession and a strengthening yen could provide near-term resistance for the stock. Still, Goldman Sachs believes the stock is a buy. Nintendo's shares would be very attractive below $35, and if the broad market retests the November lows, investors should be careful not to throw the baby out with the bathwater.
2010 © Better Trades | Contact Us