Thats 60% annualized! Bowflex unit sales were 54000 in the 4th quarter of 2002 and 46000 in this 1st qtr of 2003. Thats a 8000 unit drop or 15% sequentially and a drop of 13,000 units vs the year earlier or 22%. This was the 3rd quarter in a row of declining Bowflex unit sales.
Revenue falling, margins falling, earnings falling, and Bowflex sales falling. But other than that everything is great.
I guess a short squeeze is all you longs can hope for.
Here is a scary thought: Revenue fell less than 5% but earnings fell 37%!!!!!!!!!!!!! And that includes $20.6 million wasted on a stock buyback
Today's case study: gandalf erupted in "! ! etc! Q4 was 15% less than Q1 ... 4 quarters of 15% make 60% ! ! "
How could such a post have arisen? *Do investors not know about Christmas presents? *Do schools no longer teach compound interest or even fractions? *Are NLS investors totally unaware of the reasons why manufacturing concerns typically lose proportionately more earnings than revenue during a demand gap?