$27 by the end of the day.
They also lower margins from 22% to 17% They will miss next qt big time. Short it back to $25
Fossil (NASDAQ:FOSL) reports wholesale revenue was up 10% Y/Y to $678M in Q3.
Direct to consumer sales rose 11% to $216.5M.
Gross margin rate -50 bps to 56.9% due to a higher level promotions in the outlet channel.
Operating income rate -10 bps to 17.3%.
Jewelry sales rose 23% Y/Y, while sales of watches were up 12%.
Guidance: Full year sales growth of 8.5% to 9.5% expected and EPS of $7.00-$7.30 vs. $7.15 consensus.
I for one make over $1 million a year in MLM . I also have over 40 people under me who make between $100 to $500 thousand year & 230 people who make $50 $90 thousand a year. So explain to me how MLM is a scam? Fool! Your just jealous that people who are MLM make 100 times more a year then you do.
Hay moron, why don't u dispute what he post instead of calling him names? Because u can't. Congregations,your the mew MB idiot.
How about GNW? Was able to short that pos at $11.80 in the pre market. Also shorted TRIP another over value company. But this SLXP is the grand daddy of all stocks to short. Nothing like accounting scandal, major drop in earnings with heavy debt ( $2.8 Billion) with very little cash, to bring out the hedge funds to short this over value company back to $50 or less...
Why buy at $90, when it can be had for $50 ? Shorts well take this stock out back & beat the snout out of it tomorrow.
Miss earnings & revenue big time. Dramatic drop in earnings estimates. CFO leaves the company among accounting scandal. No one in their right mind would buy this before $50, unless your ryan_waller, he was buying when it was at $140.... FOOL!
Salix Pharmaceuticals (SLXP) has been rocked by an accounting scandal involving inventory levels of its key gastrointestinal drugs, forcing the company to cut financial forecasts for the rest of the year. Salix's chief financial officer resigned and the company's board of directors has brought in an outside accounting firm to conduct an internal audit.
Now, investors don't know how to value Salix, and the likelihood of the company being acquired with a dark accounting cloud over its head is all but gone.
Kiss this baby good buy. See u at $50
Miss earnings, miss revenue, lower guidance, CFO leaves, & they can't sell the business right now. Other then that everything is okay. LOl... SLXP well trade under $70 tomorrow. Just wait for it to come to you, don't chase