Tuesday was a great day for NTRI and the company is very much alive and well. Who the heck is stupid enough to still be short this stock? Nutrisystem is highly profitable and aggressively buying back its own shares! Only an idiot would continue fighting to keep this stock lower.
I can't even count all the news stories I have been seeing on Nutrisystem today. Those Marino/Larry the Cable Guy commercials must be really effective! All that press is sure to bring in new buyers who will see that there is ABSOLUTELY NOTHING WRONG with NTRI. They will buy and the remaining shorts that are too stubborn to cover under $20 will end up paying MUCH HIGHER prices in the coming weeks.
Just read some of this stuff...this company is set up for a double from Monday's levels in 2008 for sure!
"NTRI surged as much as 33% to $19.90 before sliding back to close 24.4% higher at $18.59 on Apr. 8. Within the past year the stock price has fallen as much as 83% from a 52-week peak of $79.09."
"NutriSystem also said it had bought back 3.3 million shares, OR NEARLY 10%, of its outstanding shares, for $45 million through the end of March."