Why I Just Bought Nintendo Stock
Excitement is building for The Super Mario Bros. Movie, but investors haven't been so enthused about Nintendo (OTC: NTDOY) stock. Shares of the video game veteran are down over 40% from its all-time highs, squashed along with many other video game stocks during the bear market of the last year.
There are current issues Nintendo is working through right now, but this top digital-entertainment company looks like a fantastic long-term value right now. Here's why I recently started buying.
The Switch video game console has been another hit, adding to Nintendo's long string of electronic hardware successes, spanning some 40 years. Nintendo has sold nearly 123 million units of the Switch since it made its debut in 2016, making it one of the most successful video game consoles ever.
Source Fool.com
