tag:blogger.com,1999:blog-4815867514277794362.post6593467170769960530..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: Nu Skin resultsJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4815867514277794362.post-71732751711130692182014-11-06T21:00:26.202+11:002014-11-06T21:00:26.202+11:00Hi John, the management stated operating cash flow...Hi John, the management stated operating cash flow was positive for the quarter. it doesn't sound like something that would be easily misread. when the audited report is published and operating cash flow is positive, it would weaken your thesis. Since the market took the result badly, wouldn't now be a good idea to close the position?Clarknoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-50676231299217046902014-11-06T04:33:40.808+11:002014-11-06T04:33:40.808+11:00i suspect you re right on Nu Skin and wrong on Her...i suspect you re right on Nu Skin and wrong on Herbalife. tough to let something go when you have invested a lot of time to it and made public commitments. Makrointelligenzhttps://www.blogger.com/profile/07305478203133746792noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-54416910542071447812014-11-06T03:15:51.732+11:002014-11-06T03:15:51.732+11:00did the short nuskin even out the long hbl? did the short nuskin even out the long hbl? kai xianghttps://www.blogger.com/profile/12094183407470192203noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-2099052981260951852014-11-06T01:59:48.694+11:002014-11-06T01:59:48.694+11:00As disclosed in the earnings release, they generat...As disclosed in the earnings release, they generated $82.8 million of cash from operations, excluding a tax payment related to 2013 income. This compares to reported net income of $68 million. Far from the cash burn many expected going into the quarter.<br /><br />You can reconcile this cash generation from the balance sheet, tax payment, and dividend.<br /><br />Excluding currency and the LTO, which fluctuates by nature, the core business is quite healthy and Q4 guidance implies continued strength. China stabilized in Q3 and will start growing again in the coming quarters.<br /><br />Just another point of view.Davidnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-21730568730916426212014-11-06T00:25:27.413+11:002014-11-06T00:25:27.413+11:00NUS Rev 3Q14 $638mn vs. 3Q12 $526mn
That's +21...NUS Rev 3Q14 $638mn vs. 3Q12 $526mn<br />That's +21%<br /><br />HLF Rev 3Q14 $1,256mn vs. 3Q12 $1,017mn<br />That's +23%<br /><br />On that basis, perhaps you want to consider closing your NUS short or even going long at these levels?<br /><br />Re CF statement: management stated that CFO was positive during the quarter. If you don't believe them, you could probably work it out for yourself?DXKnoreply@blogger.com