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Barron's: Nintendo Shares Oversold

Tom Ivan's picture

By Tom Ivan

April 20, 2009

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Some investors have hastily oversold Nintendo shares, according to weekly investing magazine Barron's.

The recent rise in share sales is likely down to the platform holder’s admission that ““the Wii is in the most unhealthy condition since it hit the Japanese market,” and because of the console’s recent sales slump in the US market.

But Barron’s expects Nintendo to rebound, Reuters reports, with a number of analysts suggesting the company may have beaten expectations for the fiscal year ended in March by generating $5.6 billion operating profit, and forecasting strong earnings growth in fiscal 2010.