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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: bophilips who wrote (13997)10/16/2002 11:02:18 AM
From: Bruce A. Brotnov  Read Replies (1) of 16631
 
I have an open order at 14.50 to add more NLS as well. Anything under $16 looks decent long term. We'll probably get a chest thump from Herb (see, my insider info tried to tell you....). Yesterday it gaps up 2 points and today it gaps down 9 after earnings report.

9:28am 10/16/02
Nautilus tumbles in pre-open on 2003 outlook (NLS) By Tomi Kilgore
Shares of The Nautilus Group (NLS) are getting pummeled for a $5.34, or 22 percent loss, to $18.51 in pre-open trading over the Redibook ECN after the health and fitness product company reported late Tuesday third quarter earnings that topped expectations, but warned that 2003 results may fall well short. Net income for the quarter ending September was $25.1 million, or 71 cents a share, up from 46 cents a share in the year-earlier period. Revenue rose 72 percent to $152.9 million. Analysts surveyed by Thomson First Call had been expecting earnings of 70 cents a share and revenue of $152.5 million. The company expects "substantially slower sales growth" in 2003, citing cautious consumer spending, a decline in consumer confidence and higher advertising rates. Profit for next year are expected to be "comparable" to 2002, while analysts had been anticipating growth of 20 percent over current expectations. Analysts from UBS Warburg, CIBC World Markets, USB Piper Jaffray and Adams Harkness have followed by downgrading the stock.

Bruce
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