News: Nintendo Buy Back Shares
Posted 01 Sep 2004 at 21:12 by Ashley Jones
Nintendo want to make their investors happy so they are buying back all their stock. Each to their own I say.
Nintendo Company Ltd. have announced that they plan to buy back their stocks to appease their investors.
This means that Nintendo have bought back $43 billion yen worth of stock. The shares were bought on Friday and the transaction took place on Monday.
For people who may be worried this is a good thing. It basically means Nintendo is so financially secure that they can spend all this money to make their investors happy.