Well, good news for you Sega Stock savvy folks…
Bloomberg news has posted a brief interview with Stephen Auth, global portfolio manager at Federated Investors Inc. in which he discusses the state of the Japanese economy and the opportunities it presents to investors. Noting that the Japanese stock market is at an all-time low, he warns that it may be difficult to single out individual companies to invest in; he does strongly recommend mutual funds as an alternative.
When pressed for exceptions, he specified Sega as one of only three companies he could name as being in a strong position. “In addition to software games, they are also going into a major restructuring, exiting the hardware business, going from a loss-making situation to a profit one,” he said. Sega’s stock is valued at a respectable $4.05 despite four years of large losses.
If the company turns a profit this year as they plan, it could move upward rapidly. Auth also mentions Nintendo as a strong buy, no doubt buoyed by the successful launch of their Game Boy Advance system and strong buzz on the upcoming GameCube. Notably going unmentioned was Sony, whose stock has dropped 50% in the past year, including a $5 drop today on poor earnings news.
Source: SegaWeb