NTDOF - Nintendo Stock: Buy For Short-Term Upside But Don't Hold Forever
- The vast majority of analysts covering Nintendo in 2020 are very bullish on the stock.
- Fresh off the success of Animal Crossing: New Horizons and an explosion in digital game sales, the company has indeed done well.
- When we take a long-term view, however, we see that Nintendo is a classic "feast or famine" stock that has gone through many boom and bust phases.
- In this article, I make the case that Nintendo is a short-term buy only, because it will thrive from Holiday shopping but has a murkier future in 2021 and beyond.
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Nintendo Stock: Buy For Short-Term Upside, But Don't Hold Forever