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Nu Skin Enterprises Inc. Message Board

  • engalpillai engalpillai Aug 9, 2012 5:57 PM Flag

    My Analysis: Schmidt is wrong

    Among the various things Schmidt is wrong about, we can include this exchange:

    "Left: That new "great" product was refused admission this last spring here in the US per the FDA.

    Schmidt: That's not true."

    From Nuskin's own 10-q:

    "The United States Food and Drug Administration (the "FDA") recently refused admission of shipments of our Galvanic Spa facial units because the FDA believes it may require clearance as a medical device."

    I wouldn't take Schmidt's word as gold here ;) Besides, if Schmidt is right that the Chinese revenue was a 1-time event, then revenues are going to be rather disappointing in coming quarters since these "1-time" earnings are getting modeled into perpetuity by analysts. A lose lose for shareholders, either revenues stagnate or they get busted for being an MLM.

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