Is Nintendo Stock Too Good to Pass Up?
Japanese video game company Nintendo (OTC: NTDOY) just released an action-packed full-year report. The business behind the hit Switch gaming system saw its sales and profits rise in tandem over the last 12 months, but the stock ended up declining slightly following the report to due weak guidance for hardware and software sales in the current year. While soft guidance is never great, Nintendo is presenting long-term investors a gift with its stock down over 11% year to date.