Down 26% This Year: Is It Time to Buy Nintendo Stock?
Nintendo (OTC: NTDOY) just reported its first-quarter results for fiscal year 2022, and Wall Street was not happy. Sales and profits were down from the prior year, leading the stock to sell off sharply late last week.
As of this writing, shares of Nintendo are down 17.5% just in the last month. While current investors in Nintendo (myself included) are not jumping for joy at the moment, one lackluster quarter does not mean Nintendo is doomed, and it may provide an opportunity for investors to buy shares of Nintendo at a discount.
With the stock price now down 26.8% in 2021, is it time to scoop up some shares of Nintendo?
Source Fool.com
