sorry for the late reply. i haven't been able to find the time to get the SI lately.
To answer your question, i don't really have a target price. i will exit the stock when i feel that the company no longer is heading in the direction i feel it should be heading (fortunately, it has not head in that direction yet). While I am very bullish on the company and its products, i don't expect to greatly profit from my investment until after the first quarter of next year. I had two basic reasons for expecting this time frame and already one of them has been addressed by the compnay. First, as i had expected the shortage of N64 for this calender year as declared by NTDOY management was only a marketing ploy. Nintendo will actually have at least 1,500,000 units shipped to the U.S. by the end the year, 3 times more than the 500,000 that it had adamantly insisted would be available. This should be suffienct for everyone who wants a system this year. Second, Nintendo has to address the lack of software critism that it has not been able up to this day. This is what worries me the most. Not neccessary the lack of software, but the constant delay in release of promised titles. This could have a back lash affect that Nintendo might not be able to overcome if it doesn't address it soon. Already, the promised number of released title for this year has shrinked from 12 to 8. I can say personally that i was really agitataed when hearing of the news. Because of this i feel critism from analyst and others will not allow the stock to reap the benefits of the true value of the compnay, its line of products, and the birght future for its N64 system. The reason i came with the time frame of the first quarter of next year is that by that time Nintendo will have realesed numerous software titles to address its lack of software critisim, if all goes according to planned. And from what i have been able to see of these titles so far is that there is going to be many hit games coming out in the first quarter. Basically to sum up my support for the stock and company, is that i as well as others feel that the management is heading in the right direction with its next generation system compared to those of its competitors, such as Sony and Sega. Nintendo's philosophy, which i am in total agreement with, is quality of software titles instead of quantity, which will allow the next generation system to come out on top.
thanks for listening. i know i kind of just went off with the discussion.
J.L.
Note: I might sound like someone who is totally in love with the company. While i feel that Nintendo's future is very bright, i am also very well aware of the uncertainties and challenges that the company must address in order to insure the success of the compnay and its products. |
