Daily Traders Edge

Investor who’s been right about Nintendo stock predicts what’s next – Yahoo!

July 20
15:16 2016

Josh Kennedy of Sonian Capital bet on Nintendo at just the right time. Back in April, he told Yahoo Finance about his conviction long position on the stock. Just in the past two weeks since the launch of the addictive smartphone game “Pokémon Go,” shares have more than doubled.

When we spoke in April, Kennedy said he expected big things to come in the year ahead.

“They don’t have a mobile offering. They’ve taken steps to address this. They have a wonderful set of assets in terms of the stable of characters, the intellectual property they have. ‘Super Mario,’ ‘Legend of Zelda,’ ‘Pokémon’ … this is a huge advantage for Nintendo in terms of building a mobile audience.”

Continue Reading At Yahoo!

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