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Hard Times For NutriSystem

NutriSystem trimmed its stock by over 30% hitting a new 52 week low after announcing a reduced forecast for third-quarter revenue.  The company is now expecting third quarter revenue to drop from $200 million and $208 million to $188 million.  The company also dropped its profit guidance from between 77 cents a share and 82 cents to between 62 cents and 66 cents.  Cramer has gone on the record as saying stay away from this stock.

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