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Nintendo Stock Hits All-Time High

by Steven Rodriguez - April 16, 2007, 4:40 pm PDT
Total comments: 11 Source: Bloomberg

Company shares reach their highest level in 45 years of existence on the Osaka exchange.

You know that Nintendo is doing well when it needs to raise earnings estimates four times in one fiscal year. Now we have official word on the company's financial success from a group of people that are very, very important to Nintendo: Its stockholders.

Nintendo's stock price on the Osaka Securities Exchanged closed at 37,450 Yen ($312.62) a share earlier today. That's the highest it's been in the company's history, or at least since it was listed on the Osaka boards in 1962. If Nintendo's revenue and profit levels continue to grow like they have been since the Nintendo DS hit the streets, the stock will look even more favorable to investors, and the price will continue to increase.

According to a Bloomberg report, JPMorgan analysts are banking on a 15% increase in that price over the next year. The investment firm has tagged Nintendo's stock with an “overweight" rating, meaning that it expects a greater-than-average return on investment over the next six to 12 months.

This news comes a week ahead of the day Nintendo reveals their company financial statement for its 2007 fiscal year, which concluded at the end of March.

Talkback

SheckyApril 16, 2007

Bah, I wish this wasn't a foreign stock...

You can still purchase it. I don't understand how, though. I do know that it's about 5 dollars away from being double what I purchased it at last may.

Lucky...

~Carmine "Cai" M. Red
Kairon@aol.com

UncleBobRichard Cook, Guest ContributorApril 16, 2007

I don't understand this...

http://www.frameastock.com/shares/108/Nintendo.php

How can I buy a share at about $30? That doesn't seem right...

I don't understand it either, as that's what my stock is valued at, but the cost rises and falls at the same rate that the official stock does. It's confusing, but it's still making me money.

Edit: Nope, I didn't actually look at that page before I replied. This is the current value of the stock I bought: http://finance.yahoo.com/q?s=NTDOY.PK
The best I can tell, that site doesn't use real-time stock rates, and instead, updates at very slim intervals, at least for Nintendo stock they do.

WindyManSteven Rodriguez, Staff AlumnusApril 16, 2007

That's not Nintendo's actual stock. That's just the stock of one of their branches. I don't really know how the system works, but I do know that's not them.

Here's Nintendo's real stock: http://www.bloomberg.com/apps/quote?ticker=7974:JP

GoldenPhoenixApril 16, 2007

Did Nintendo's stock deal ever go through?

Shift KeyApril 16, 2007

Quote

Originally posted by: WindyMan
That's not Nintendo's actual stock. That's just the stock of one of their branches. I don't really know how the system works, but I do know that's not them.


Windy, the company mentioned in the article and the one you linked to are one and the same. Its NCL. Not sure what other branches there are.

As for the stock deal, I haven't heard either way. Maybe the offer hasn't elapsed yet.

oohhboyHong Hang Ho, Staff AlumnusApril 16, 2007

If I remember right, Forgeiner can only buy stock in 1/8's. Meaning you need 8 overseas stock to make one Japanese stock. Also the Japanese stock has a minimim buy of 100, so unless you have $31000 handy, you can't buy Japanese Nintendo stock.

couchmonkeyApril 17, 2007

All's I know is that I'm making money hand over fist.

IceColdApril 17, 2007

Quote

Originally posted by: couchmonkey
All's I know is that I'm making money hand over fist.
Bastard.

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