Good. I hope Nintendo continues to buy back shares in the future. Any investor who pushes for Nintendo to develop games for smart devices would be better off selling their shares because they have no idea what Nintendo's greatest assets are.

Doing the right thing and going private is going to be quite difficult if 100m shares is 8%.

They could effectively go private with vastly less then 50%.  With that many raw shares in the wild and over a Billion Dollars to just buy 8% I really don't there are any individuals that hold more then 8% of the shares and that there are a small enough group of people with enough shares to have voting rights who could be convinced to all say the same thing to overcome Nintendo's 17%.

The number of shares is immaterial, it is the total value of the shares (Market Cap) and how much of that you own is what counts. Going private is another matter altogether as something like that usually requires a greater than majority vote and mandatory share buy backs.

Also the type of stock is important as they can have different rights and voice in voting. If you brought 51% of a company in non-voting stock, you won't "own" the company and have no rights to vote. The only actions you can do is take no action or to sell.

Sell my stock? Maybe. By the time their done, it should hit rock bottom. The smart thing to do would be to buy double as much stock that I own now and lower the overall cost of my stock.

I think I'll do that.

Well hopefully this will keep Nintendo from any inane mobile ideas.  Nintendo has lots of problems but going mobile isn't the solution.

http://en.wikipedia.org/wiki/Treasury_stock


"A company cannot own itself. The possession of treasury shares does not give the company the right to vote, to exercise preemptive rights as a shareholder, to receive cash dividends, or to receive assets on company liquidation. Treasury shares are essentially the same as unissued capital and no one advocates classifying unissued share capital as an asset on the balance sheet, as an asset should have probable future economic benefits. Treasury shares simply reduce ordinary share capital."

Nintendo can't buy itself into becoming a private company.  A group of investors (really rich investors) could buy up Nintendo stock and take them private, but this is little more than trying to prop up their share price.  If a company had 2 shares, I owned 1 and Adrock owned 1 (resulting in each of us being 50% owners) and the company bought Adrock's share I am defacto 100% owner of the company.