Friday, December 08, 2006

Blum Capital Sells 1.3M Shares of Nu Skin (NUS) in Block Sale

In an amended 13D filing on Nu Skin Enterprises (NYSE: NUS), Blum Capital disclosed a 9.9% stake (6.76 million) in the company. This is down from the 8.06 million share stake the firm held for the quarter ended September 30, 2006.

The firm said its sold 1.3 million shares on 12/05 at $18.12 to a broker in a block sale.

According to filings, Blum was buying stock as recently as June 2006 in the $16 range.

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