| July 1 update:
It's about 5 weeks until 2Q financials will be out. Yahoo has NWD book value at .88/share. Fidelity (which adds redeemable preferred stock to the bottom line) gives NWD a .97 book value. Everyone continues to panic sell over: China export scare and bloated stock options. The short interest dropped 27,118 shares to 380,306 last month. As mentioned, institutional shares are rising, also. Any worries about China exports can be put to rest by NWD's HACCP certification. About exports: I believe that the new exports have not shown up on the income statements yet. Also, the high margin ginger powder may give NWD a boost. 2Q numbers are critical to NWD's recovery. They needn't be spectacular, they should just avoid any negative derivitives. Remember, Mak doesn't profit from his new options if the stock stays below $1.82; and although they don't expire for awhile, he flipped his last compensation in a year or two. I'm averaged at $1.40, so I'm not liking $1.18 at all. But if you are new to this stock, $1.18 looks pretty awesome. Shorts are covering, institutions are buying, this is a buy and hold. As far as seasonality goes, the second half of '07 might be good. I'm looking for 2Q numbers to give NWD a shot in the arm and start a reversal.
Last edited by 007 : Sun, 07-01-2007 at 10:28 PM.
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