USA Dolphin: If $NTDOY E stabilizes at $0, they're just a machine that turns time into money due to asset appreciation and onset of new console cycle.
20 hours and 51 minutes ago
USA Dolphin: So think of Nintendo as a transformer. If they make any sort of smart decision, the street's opinion on the bal sheet transforms. $NTDOY
20 hours and 53 minutes ago
USA Dolphin: Then there's $NTDOY as an opco. By previous analysis, $NTDOY EV is $-2/sh, which is fair given mgmt incompetence.
20 hours and 55 minutes ago
USA Dolphin: Keep in mind $DIS paid $4B for Lucas, and $4B for Marvel, both with negligible balance sheets. If $NTDOY ip is same, gives you $15/sh.
20 hours and 57 minutes ago
USA Dolphin: Liquidation value is about $9/sh. Book value is about $11.5/sh. $NTDOY has never recognized its intangibles (only listed as like $20M)
21 hours and 0 minutes ago
USA Dolphin: Proper way to think about $NTDOY as an investment is to forget earnings entirely. $NTDOY is just a play on its balance sheet.
21 hours and 13 minutes ago
Nick: Hypothesis on $NTDOY is coming to fruition. Watch what happens when SSB comes out in NA and for WiiU
1 day and 8 hours ago