The past two preliminary earnings estimates went out on April 7 and July 9. If management continues in that vein, then we should see Q3 estimates this week.
I'm hoping for the best, but it wouldn't surprise me if Q3 earnings hovered somewhere around break-even. We're apparently in a rebuilding year. I'm up 5% over six months on this investment, so I think I can afford to be patient.
... and how can you even put a price on the entertainment value of watching hackne and flea predict a different disaster every week, watching folks try to "reduce risk" by selling low, etc?
I would be surprised by break even results. Typically this quarter is better for nls than the Quarter that ends in June 30, so that's a starting point. On top of that there are a number of factors that point to beating the $.14 of last quarter.
1.) The overall economy picked up quite a bit last quarter as seen in the early earning reports that have been released. 2.) Costco & Amazon Sales - Bowflex sales will be helped by these partnerships. 3.) CrossBow litigation - Crossbow had to change their name so their sales are probably weaker - thus Bowflex might have had stronger sales.
So, all in all I think the $.19 average analyst estimate is pretty reasonable and if anything is a little low. But as astral pointed out, we'll probably hear something if they're going to miss this week. If there's no word, expect a rally this week. In fact, we could run up to $16 if there's silence from mgmt. about the current quarter. It should be exciting to watch either way.
I generally agree with your post although I think NLS is going to be absorbing some cost from their restructuring this quarter and their partnerships with Costco/Amazon will probably really kick in the next couple of quarters. Theres no sign of the Crossbow backing off either, still have their infomercials and website up:
I'm pretty excited about the direction that the new management is taking with expanding their distribution channels and recognizing their responsibility to their shareholders. With the solid cash position, low P/E and dominant branding of their products, this company seems to have a huge upside with very little risk on the downside.
<<<I would be surprised by break even results. Typically this quarter is better for nls than the Quarter that ends in June 30, so that's a starting point. On top of that there are a number of factors that point to beating the $.14 of last quarter.>>>
I agree we'll beat last qtr's results. Management reiterated during last weeks CC presentation their comfort of previously given estimates of free cash flow in the upper 30's MIL. range for this year. The possibility of breakeven results for this qtr is ZERO!