See more news releases in: Household, Consumer & Cosmetics, Banking & Financial Services, New Products & Services, Surveys, Polls and Research
Newbridge Securities Initiates Coverage of the Consumer Products Sector with Nu Skin Enterprises (NUS)
FORT LAUDERDALE, Fla., Nov. 18 /PRNewswire/ -- Newbridge Securities Corporation announces the initiation of coverage of the Consumer Products Sector. The coverage launch on November 13, 2009, authored by Kathleen Reed, Senior Vice President, began with an initiation report on Nu Skin Enterprises (NUS: Buy-rated).
(Logo: http://www.newscom.com/cgi-bin/prnh/20090309/FL80823LOGO)
Breakthrough Valuation Warranted
"Although NUS is trading near the high end of its historical range - we believe a breakthrough valuation is warranted given positive trends on both the top and bottom line. Our $32 price target is a 30% premium to the market on our 2010 earnings estimate of $1.60 per share."
According to Kathy "there are four reasons why we like the company and the stock. First, local currency sales in Japan and China have been improving. Second, the company continues to diversify its revenue base. Third, we expect operating margin to continue to see expansion and fourth, we see potential upside to 4Q 2009 and full year 2010 estimates."
Gary Spivak, Director of Equity Research, stated: "It is great to have Kathy publishing research with Newbridge, and very fitting that the first company rolled out is Nu Skin Enterprises, a company she has followed in the past and a name where she has developed a strong reputation for her work. In fact, since her initiation, the company subsequently raised expectations for Q4 2009 and provided initial 2010 guidance higher than current consensus, as forecast by Kathy in her report."
About Newbridge
Newbridge Securities Corporation is a full-service securities broker-dealer and investment bank with corporate offices in Florida and locations throughout the United States. Since 2000, the Firm has served a broad range of individual and corporate clients, with a focus on providing quality products, services and advice.
For more information on Newbridge, please visit our public web-site at www.newbridgesecurities.com
SOURCE Newbridge Securities Corporation
Back to top
RELATED LINKS
http://www.newbridgesecurities.com
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All The Glitters: The Ultimate Gold Report".