NTDOY - This Household Brand Name Just Tripled Profits and Raised Its Dividend. Time to Buy?
Sure, there may have been terrific news on a vaccine last week, but just because a vaccine may be available sometime next year doesn't mean the growth of video games will come to an end. Like many technology trends, video games were already a growth industry before COVID, and they won't be going away any time soon. With COVID cases spiking in the U.S. and across the world, video game stocks should experience another sales boom this holiday season.
One of the big beneficiaries this year has been Japanese game giant Nintendo (OTC: NTDOY) , which just delivered blowout earnings results two weeks ago. But is the Nintendo Switch console boom sustainable?
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This Household Brand Name Just Tripled Profits and Raised Its Dividend. Time to Buy?