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Nintendo Needs To Reach Out to Shareholders

Posted on August 19, 2008

It is time for Nintendo of Japan to address the weakening price of its shares by taking meaningful action. Its stock price closed at 48,700 yen on August 19, 2008, representing a decline of 33.5% from its November 1, 2007 peak of 73,200 yen and just slightly above its 2008 low of 45,600 yen. While some of the decline in its stock price is attributable to general market weakness, fear of recession, a strong yen, Wii supply shortages, topping out of sales of the DS, and game console price cuts by Microsoft (MSFT) and Sony (SNE), the fact is that Nintendo (NTDOY.PK) management has done nothing to...

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trading , yen