Durable entertainment IP is a special niche, because it is rare to confidently predict a high-margin product's relevance 20 years out. The clearest examples are Nintendo with Mario, Comcast with Harry Potter, Netflix with NFL and college sports, Spotify, Amazon Prime and Disney's animated movies. Many can be owned, though some are purer plays and some cheaper than others. x.com  x.com 

Nintendo looks attractive at $14 as the Apple of gaming. It makes great, easy-to-use, family-friendly hardware and takes a platform fee on games and apps sold on it. Nintendo Switch Online at $50 a year brings in $1.7 billion of subscription revenue. Pokemon Pokopia, just released, is an evergreen title, and a new Mario movie arrives April 1. x.com  x.com 

Nintendo's Switch 2 is being squeezed by memory costs from the AI data center boom. The US price rises from $449.99 to $499.99 in September, with similar hikes in Canada and Europe, and Nintendo expects 16.5 million unit sales this year versus 19.9 million last year; some analysts think memory prices won't cool until 2028. Even allowing for Nintendo's usual sandbagging, the stock is not screamingly cheap or asymmetric. x.com  x.com  x.com  x.com 

Nintendo's low-cost Ocarina of Time remake can draw buyers to Switch 2 and its lifetime software value. Reservations for the New York midnight launch have sold out; the remake's development cost is estimated at $40-80 million versus more than $1 billion for GTA 6, and Nintendo keeps the platform fee. x.com 

Nintendo is an exceptional company with irreplaceable IP and plenty of cash, so the stock near 2.5-year lows is not a weed to cut. As Peter Lynch showed with Taco Bell, it is very hard to go bankrupt without debt. The Switch 2 was a home run after eight years, Mario, Zelda and Pokemon games cannot be played on PlayStation, and a Zelda release for PS5 could unlock billions. x.com  x.com  x.com 

Disney is a dog with fleas. Absurdly high theme-park prices face demand elasticity as a weakening consumer in a K-shaped economy pulls back. Its movie lineup is dated, with live-action Moana joining Snow White as box-office bombs; its balance sheet carries heavy debt from poorly conceived acquisitions that could curb park spending; and AI threatens several businesses. There is a price for everything: below $90, reward versus risk turns favorable. x.com  x.com 

Disney is a far better buy than MGM Resorts: Disney is a very inexpensive stock with irreplaceable assets, and Toy Story 5 is set to crush it for the company. x.com 

Disney is cheap against its earnings. At $110.61 it trades at 23x earnings and 15x next year's, while entertainment companies usually get 28x. Fair value runs $183.42 to $233.44, about 28x next year's $7.44 EPS, putting the price 40% below the low end, though that leans on a forecast 53% above trailing earnings. This is a valuation read only, off reported earnings and revenue estimates, with no fundamental work. x.com 

Nintendo and Sony sold off because memory prices rose, but consoles and video games are entire industries and identities, and gamers have the highest willingness to pay for tech of any consumers. They spend $3k on lag reduction and big screens and $1k on vibrating chairs. x.com 

Disney's value rests far more on theme parks, resorts and cruise lines than on films: those businesses grossed over $36.2B last year alone, versus $31B lifetime across all 31 Marvel movies. Strong box office helps, and the stock could head toward about $125. x.com