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Remarks inside on News and More News pages covering
Myriad Genetics, Extra Space Storage, Merit Medical, Skywest, Zagg, Zions Bancorp, Black Diamond
plus the Morning Call.
Deseret Stock Index Chart
General Market and Index Data
Deseret Stock Index Data
Companion Site QA Investor.com
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Utah Business News
NuSkin Ups Forecast;
Two Day Rocket Ride Results
Click Here For Snapshot
NuSkin (NUS) presented its 2014 forecast at the annual Investors' Day held Nov 21. The consensus 2014 EPS estimate was $6.81 before NUS raised the bar to $7.25-7.50 on $3.9-4.0 billion in sales. Enthusiasm ensued as NUS popped to 122.71 during the period prior to regular session. The prior day close was 114.74. Irregular time trade sustained the gain by staying above 120 post opening. Despite the extraordinary stock price rise, NUS seemed unable to keep pace with results regularly exceeding all expectations. NUS became a featured actor in momentum stock circles. Applying the low end forecast raises Fair Market Value from 156 to 179 as of the Nov 22 close. NUS provided no meaningful color regarding Q4 2013 numbers. Hence the $5.90 fiscal year and $1.98 Q4 numbers stand unchanged for now. The $1.98 represents high optimism since it doubles the year ago net. There is a curious aspect to the guidance which will be studied further. The guidance indicates revenues rising more than 40% while profit is 27% higher. While impressive hints at reduced margins. I this acceptable to the hot stock crowd. Missteps are no longer allowed.



 
    
Deseret Stock Index
November 22, 2013
 Price is Truth;
Myriad Genetics Offers Proof of Concept
Once again the question identical to the one posed Nov 21 presents itself ; was the day great day or rather ordinary? The answer is identical. Since all points count, Nov 22 is declared a very great day although disproportionately influenced by two issues, NuSkin (NUS) and USANA (USNA). The performance was "deja vue" over again. NUS exploded prior to regular session trade pulling USNA along for the ride. Parabolic ascent was the result for the second straight day carrying the Index to a record peak. However, collateral contributions were considerably less than provided Nov 21 although prior session characterisitics remained discernable. Continuing bounces from recent ebbs by Black Diamond (BDE), Extra Space (EXR) and Huntsman (HUN) were beneficial. Regarding the overall Index tone, the divergence problem dissipated slightly but no altogether erased. Also, parabolic movements risk of euphoric top development. As noted Nov 21 the Deseret Index chart exhibits the presence of "blow off" risk potential on a long term basis already. In any event, enjoy the moment. These episodes are exceedingly uncommon. Please view the chart.

Price governs the decision making process. Price tells us what money is actually doing rather than whatever an opinion tells us it should have done or should do. Price behavior measurement is a corruption resistant measurement grading an asset's price against its own historical behavior. Each asset possesses unique characteristics. The ever evolving facts and perceptions are expressed price. Myriad provided an excellent object lesson this month. Myriad (MYGN) entered a negative trend condition in late July, a string unbroken until the Nov 4 close. After the Nov 5 close MYGN reported quarterly operating results which were better than prevailing estimates. Shares rallied before settling back to the launch point. MYGN did not cede the improved condition. The improving condition, albeit within a counter major trend context, remains intact as of this day. Price accelerated higher Nov 19 recording a parabolic rise. Lo and behold MYGN released some meaningful product news prior to the Nov 20 opening. Price rose further recording another parabolic read as the news players hitched a ride. Money leaves a trail and price is truth.