PE of 12 this is cheap with a time frame for a year. People in china are not going to stop spending money. Only 6% of Chinese are in the stock market in china. Open for discussion or other opinions
"I told you so," referencing China. He blew it big time with his nonsensical call last month citing China growth issues and MERS in Korea. Now that China is taking action to straighten out its economy which is good for China, he is doubling down? Dude should be axed immediately for stupidity.
JPM downgraded NUS a month ago over his view of a weak China economy. He should be upgrading the stock today for the opposite reason -- a stronger Chinese economy!
The Chinese economy should strengthen which should add to sales numbers. This was the greatest fear, a weak Chinese economy, coming into the last earnings release. The devaluation may cause the Fed to postpone raising rates here at home -- the greatest driver to the strong dollar over the last 9 months. So, imo, the net effect will be terrific for NUS.
I'm long NUS so IMHO if the shorties wait until we hit 66 to 68 then "we" on the long side might have to play a bit of a traders game ourselves during the radical covering craze to come.
Do your research, Keith Halls is with Youngevity ((YGYI) for almost two years now. Keith says YGYI is a billuin dollar company in the making!
This week will be colossal for YGYI shareholders! Watch it or buy it, just don't ignore it!
Do you cover now or in the $60s? Big product uplift in the fall coming. China is rocking it out and NUS's expansion in China is growing! JPM analyst embarrassed beyond recognition. Now drinking double martinis to ease the pain.
I am the Dip. Happy Dip in fact. Lots of shorts added in July and August. We'll likely climb back into the $50s. Add in the fact that the pyramid scheme drama is now kaput, and we could lift into the $60s.