GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Third Avenue Management Comments on Nintendo

March 27, 2014 | About:
Holly LaFon

Holly LaFon

262 followers
During the quarter, we trimmed several positions that had appreciated, particularly in financial services, and eliminated the Fund's position in Nintendo Common (OSE:7974). During the year and a half in which we owned nintendo Common, the business performance was poor while the stock performance was strong. Therefore, we elected to sell and lock-in our 30% return, rather than wait for a turnaround which, while possible, will be challenging.

From Third Avenue Management (Trades, Portfolio)'s first quarter 2014 letter.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK