Don't think so, was pretty mild stuff. They basically just repeated their new strategy of trying to get more customers with smaller purchases that are higher margin. Hard to see it working, but I guess they have to come up with something as a prospect for growth, otherwise the stock would be $15.
And they were honest for once....The stock buybacks are opportunistic for insiders and those receiving options and stock compensation to take money out of NILE at a very cheap capital gains tax rate. Also opportunistic is to get 36.00 a share for a stock that should be trading at 18.00 if it was not for the manipulation and price fixing conducted by funds and institutions controlling most of the float and the bid and ask on virtually every trade of the stock.
This stock is not bought and sold retail. For the occasional investor that comes in ....the trade is easily taken out and the bid and ask reestablished between funds working together to value the stock at a price that makes their funds look lkke they preform well. At some point, a fund is going to have to justify why they are holding such a crappy stock with outrageous valuations and a terrible outlook and declining numbers and no business direction by a weak management team....
I am waiting.....BUT THEY CANT SELL. With the volume of NILE....they must keep this fraud going forever or lose the pumped up false valuation they have manipulated up in the market.....Becasue no one will buy this crap stock at this price or look the the future and think NILE will survive as a competitive company in this e commerce marketplace.