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

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To: sparky who wrote (14003)10/16/2002 1:16:32 PM
From: Bruce A. Brotnov  Read Replies (1) of 16631
 
Needless to say, Herb had to get someone to remind us that he has been on the attack of NLS for a long time (since $40). It can probably only average .60 earnings per quarter next year and therefore should be a single digit stock if the shorts have their way. This is from Jim Cramer's rag:

Not everyone was surprised by the company's change of tune. TheStreet.com's Herb Greenberg has long reported the short case on Nautilus, which includes the mounting odds against the company maintaining its breakneck pace as well as inconsistencies in Nautilus' financial reporting.

Herb couldn't understand all of the items of compensation for officers so he slammed it in one of his notes along with the time he discovered the CFO had only one degree instead of 2 from 20 years ago. This is certainly a strong case to beat up on a stock that is showing a little slowing of growth in a tough economy - but still head and shoulders above most in earnings.

Bruce
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