Purchasing Navarre Corporation

Posted on May 9, 2006 , filed under Stocks | Print This Post

Today I purchased 3000 shares of Navarre Corporation (NAVR) at $3.98. The engages in publishing and distributing various home entertainment and multimedia products. Its Distribution segment distributes and provides fulfillment services in connection with various finished goods that are provided by its vendors, which include personal computer (PC) software and video game publishers and developers, music labels, and motion picture studios. I first wrote about Navarre as an idea for an investment in console gaming stocks. NAVR should go up as we approach the release of next generation high definition DVD players and the Sony Playstation 3 and Nintendo Revolution (Wii) consoles are released. My target sell price for NAVR is $6.00 in 6-12 months and $8.50 in 1-2 years.

Here is my original article about Console Gaming Stocks.

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