Nivs Intellimedia (NYSE AMEX:NIV)

We are coding NIV as short-term GoeSpecial. The company’s shares have been on a slide since mid January when the entire market corrected. An attempt at a recovery was thwarted, likely prompted by news leaking, revealing that EPS the first nine months of 2009 had to be restated downward by $.02. Today, the morning issued a release on this topic. However, NIV also issued solid preliminary 2009 guidance which implies fourth quarter EPS of $0.22 for vs. $0.06 last year. While we are not a huge fan of NIV, some investors may see today’s guidance news as a short-term trading opportunity.
Tuesday, February 23, 2010