ALL the News about
Mormons, Mormonism
and the LDS Church
Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 26 Mar 2001   For week ended March 02, 2001
Most Recent Week
Front Page
Local News
Arts & Entertainment
·New Products
·New Websites
·Mormon Stock Index
Letters to Editor
Continuing Coverage of:
Boston Temple
School Prayer
Julie on MTV
Robert Elmer Kleasen
About Mormon News
News by E-Mail
Weekly Summary
Submitting News
Submitting Press Releases
Volunteer Positions
Bad Link?

News about Mormons, Mormonism,
and the LDS Church

Sent on Mormon-News: 27Feb01

By Kent Larsen

NuSkin Up While Rest of Mormon Stocks Fall

NEW YORK, NEW YORK -- Utah cosmetics manufacturer NuSkin Enterprises jumped nearly 20% last week, while both the broader market and nearly every other stock on the Mormon Stock Index fell, in the index's 3rd straight loss. The jump in NuSkin's price came because the company started a quarterly dividend and announced a stock repurchase program, to investor's delight.

The Mormon Stock Index's drop was in line with the broader markets, falling less than the NASDAQ but more than the NYSE and the S&P 500. And the fall was broad-based, with three-quarters of the 24 stocks in the index falling, and only 5 rising. Of those five, only NuSkin was up more than 4%.

Leading the drop was Linux software firm Caldera Systems, which fell nearly 25% during the week. Sunglasses manufacturer Oakley, Inc. fell 12.5% on fears that it would loose market share after a competitor, Luxottica, purchased Oakley's largest customer, Suglass Hut. Merrill Lynch downgraded Oakley as a result.

Fiber optics firm Corvis also hit a new low, dropping 11% for the week, mainly due to demand from pre-IPO investors to sell their shares. Under SEC rules, most pre-IPO investors must wait six months following an IPO before they can sell their stock. The volume of stock from those wishing to sell Corvis' stock exceeds demand for the stock, pushing the price down.

Mormon Stock Index   116.4690down 6.5190
Company SymbolLDS Executive Closing Price Change
AES Corp. AES Roger W. Sant, Chairman53.60 down 4.38
Black &Decker BDK Nolan D. Archbald, CEO 42.51 down 2.54
Caldera Systems CALD Ransom H. Love, CEO 2.3125 down 0.7500
Computerized Thermal ImagingCIODavid A. Packer, President and COO2.06down 0.31
Corvis Corporation CORV David Huber, CEO 12.7500 down 1.5625
1-800-Contacts CTAC Jonathan C. Coon, President &CEO24.2500down 2.1250
Dell Computer DELL Kevin B. Rollins, Vice Chairman23.2500down 0.2500
EarthShell ERTH Simon K. Hodson, CEO 1.2812 no change
Franklin Covey FC Stephen R. Covey, Chairman8.45 down 0.09
Fonix FONX Steve Studdert, Chairman0.6094 up 0.0156
Host Marriott HMT Richard Marriott, Chairman12.83 down 0.14
Iomega IOM David J. Dunn, Chairman3.75 down 0.08
JP Realty JPR Several members of management team18.95up 0.30
Knight Transportation KNGT Keith, Gary and Kevin Knight21.5000 down 2.6875
Marriott International MAR J.W. Marriott, Jr., Chairman40.32 down 3.29
Micrel Semiconductors MCRL Ray Zinn, Chairman and CEO 34.8750 down 4.0625
Myriad Genetics MYGN Christopher L. Wight, VP, General Counsel54.7500down 7.2500
Novell NOVL Stewart Nelson, COO 6.3125 down 1.0000
NuSkin NUS Most of Management is LDS, including Chairman and CEO7.25up 1.13
Oakley, Inc. OO Jim Jannard, Chairman &CEO16.31 down 2.34
Ryder Systems R Tony Burns, Chairman 19.79 up 0.67
Cornerstone REIT TCR Glade M. Knight, Chairman &CEO10.90up 0.09
Ten Fold TENF Gary Kennedy, President and CEO1.7500 down 0.1250
Zions Bancorp ZION Harris Simmons, Chairman55.1250 down 2.0000

Please Help Us Confirm Other Mormon Companies:

Mormon News' research confirms that there are probably other companies with Mormon management that we currently don't know about. Our research uncovered several Utah companies which may have Mormon executives, but which we were unable to confirm as of yet. If you have any confirming information about the following companies, please let me know:

  • FX Energy
  • Gertner Communications
  • Headwaters, Inc.
  • Nature's Sunshine
  • NPS Pharmaceuticals
  • Questar
  • SkyWest, Inc.
  • Sonic Innovations


[an error occurred while processing this directive]

Copyright 1998, 1999, 2000, 2001 Kent Larsen · Privacy Information