SAN DIEGO (TheStreet) -- Here's what you may have missed over the past week, including takes on Nu Skin, Clean Harbors and pharmaceutical mega mergers.
-- Keeping an Eye on Nu Skin
-- Analyzing the Analyst on Clean Harbor
-- Dueling Reports on Pharma Mega Mergers
It was a light week as I am working on new stories, but here is a roundup from last week's Reality Check. Plus, as an added bonus, there is a new red flag.
KEEP AN EYE ON NU SKIN: The next date that counts will be March 18, which is the deadline for the company to file its delayed 10-K. As I wrote on here last week, the company disclosed that its audit committee had hired "outside counsel" to help with an internal review of Nu Skin's (NUS) China operations. But why would the audit committee be involved in a review of the company's China operation -- whose operations are being probed by the Chinese government? And why would the audit committee hire outside counsel?
This update: Over the past week, Nu Skin, which didn't take questions on its recent fourth-quarter earnings call, cancelled two investor presentations. The bigger question, now that the company is halfway through its first quarter, is what impact the China investigation has had on the growth Nu Skin's Chinese sales force -- its biggest area of growth.
I'm adding Nu Skin to the Watch List with a red flag as of Monday's close. The stock has already fallen by half but, unless its China growth can resume and continue on its prior path, its model faces an unusually high level of risk. Reminder: This stock traded at $41 a year ago. It closed at $76 on Monday.