Nintendo stock - any traders here?

[tk149]

I did a Yahoo symbol search (US & Canada) and came up with this.

NTDOY.PK NINTENDO CO LTD ADR
NTDOF.PK NINTENDO CO LTD-ORD

What's the difference?

The first one's trading at 21.15.

The second one has last trade at 144, but with a date of April 10.

I also did a Yahoo World search and came up with these:

NNT.IOB NINTENDO CO LTD N/A N/A Add
NTO.MU NINTENDO CO LTD Munich N/A Add
NTO.SG NINTENDO CO LTD Stuttgart N/A Add
NTO.BE NINTENDO CO LTD Berlin N/A Add
NTO.DE NINTENDO CO LTD XETRA N/A Add
NTO.DU NINTENDO CO LTD Dusseldorf N/A Add
NTO.F NINTENDO CO LTD Frankfurt

Does anyone think Nintendo stock is worth buying?

 

[acemcmac]

with how much they have riding on this next system, and their previous track record.... I'd say no

 

[vi edit]

ADR = American Depository Receipt.

It's basically a way to trade foreign stock that aren't listed directly on a US exchange.

Same thing with other countries.

Here's the formal definition:

Shares of some foreign companies do trade on the U.S. exchanges.

Companies such as Sony (SNE), Nippon Telephone & Telegraph (NTT) and Pacific Century Cyberworks (PCW) trade on the NYSE, others trade on the OTC/BB. These securites trade on American Exchanges as American Depository Receipts (ADRs) and Ordinaries (ORDs).

American Depository Receipts (ADRs), also known as American Depository Shares (ADSs), are used to trade foreign stocks in the U.S. Markets. An ADR is a negotiable security that represents a receipt for shares of stock in a non-U.S. corporation, usually from 1 to 10 shares. ADRs are bought and sold in the U.S. securities markets like stock.

Most of the rights common stockholders normally hold ADR owners also hold. These include voting rights and the right to receive dividends when declared.

ADR owners have the right to exchange their ADR certificates for the foreign shares that they represent. They can do this by returning the ADRs to the depository banks, which cancel the ADRs and deliver the underlying stock.

In addition to the normal risks associated with stock ownership, ADR investors are also subject to currency risk. Currency risk is the possibility that an investment denominated in one currency, such as the Japanese yen, could decline if the value of that currency declines in its exchange rate with the U.S. Dollar.

Examples: NOK, ERICY, SNE, NSANY.

 

[SithSolo1]

I'm fairly certain Nintendo is a privately held stock and you can not buy any shares.

 

[Slick5150]

Originally posted by: acemcmac
with how much they have riding on this next system, and their previous track record.... I'd say no

Uhh.. Nintendo is a highly profitable company. Their recent earnings statement show an anticpated operating profit of $975 million for the next fiscal year.

They are a publicly traded company on the Japanese stock market (I think), but I wouldn't have a clue how you buy stock from there.

And as for the Wii, its the most anticpated system out there. They're going to make a lot of money off of that thing.

 

[tk149]

vi_edit, thank you for the information.

SithSolo1, Nintendo's website says this:

Nintendo Company, Ltd. stocks are traded in the Nikkei Stock Exchange. In the United States, investors can purchase ADR's (American Depository Receipts) as a form of investment.

Text

 

[KoopaTroopa]

Originally posted by: Slick5150

Originally posted by: acemcmac
with how much they have riding on this next system, and their previous track record.... I'd say no

Uhh.. Nintendo is a highly profitable company. Their recent earnings statement show an anticpated operating profit of $975 million for the next fiscal year.

They are a publicly traded company on the Japanese stock market (I think), but I wouldn't have a clue how you buy stock from there.

And as for the Wii, its the most anticpated system out there. They're going to make a lot of money off of that thing.

their stock dropped when they announced their expected earnings for the next fiscal year...looks like they are cutting their predictions by a third, relative to last year.

Forbes 5/25/06

...the forecast for the year ahead was a flimsy one, at best. While sales are projected to climb to $5.3 billion, Nintendo's profit for the year ending March 31, 2007 would drop by more than a third to $579 million. Perhaps ironically, the slump would be due to currency--an expected stronger yen would mean an erosion of the value of overseas earnings...