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Portfolio Activity - NLS

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A Strong Stock!

Shares of health and fitness equipment-maker The Nautilus Group (NYSE:NLS) soared Thursday after the company posted a higher quarterly profit on a 19% jump in sales, and raised its 2005 earnings estimate. First quarter net income rose to $9.4 million, or $0.28 per share, up from $6.4 million, or $0.19 per share, in the year-ago period. Analysts were expecting the company to post a per-share profit of $0.26, so the results were slightly better than expected.

Of course, the bullish activity doesn't help the OW Portfolio, as our position has previously been closed to limit potential losses. However, we know there were a few traders who remained in the play through the earnings report and we are happy they achieved a successful outcome.

OW Staff

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