Nintendo began as a leader in the 1980s, becoming a household word with its console and hearty, hard-working cast including the Mario Brothers. But Sony overtook the Co over the years, even as aging gamers generically referred to any new-generation console as a "Nintendo." Today, Nintendo is again a leader, if not in mindspace, then at least in growth numbers. And speaking of leaders, with NTDOY.PK bouncing up over $60 in the U.S. today, which market is the real leader for the Co?
It was TSE, the Tokyo Stock Exchange, that saw shares of Nintendo reach an all-time high today thanks to a robust earnings report. The American shares then followed, right?
The TSE Nintendo shares finished an equivalent of $59.40, while the stateside shares closed at $60.40. So who leads who? Or do both lead each other into an oxytocin-filled bliss?
It's the weirdest, coolest thing. Let's see how long this two-headed monster can keep smiling as it dances all the way to the bank. The US shares went up on 551,130 shares, its third-heaviest upside volume so far this year.
Say goodbye to the 50s, indeed.
Disclaimer: Pupule Paul is a skosh long NTDOY.PK.
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