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July 22, 2014
09:18 EDTHLFHerbalife: Economist says U.S. ops 'inconsistent' with pyramid scheme model
Herbalife released the findings from research and analysis conducted by Walter H. A. Vandaele, Ph.D. of Navigant Economics, LLC regarding Herbalife’s U.S. business operations. Dr. Vandaele, engaged by the company to conduct this economic analysis, assessed whether Herbalife’s operations appropriately are classified as a beneficial, legitimate Multi-Level Marketing (“MLM”) firm. Dr. Vandaele is an economic expert with significant experience in, among other areas, the regulation and operations of firms in the consumer goods industry. Among his many professional accomplishments, he has previously served as Economic Advisor to the Director, Bureau of Competition and as Assistant Director for Regulatory Evaluation, Bureau of Consumer Protection at the U.S. FTC. Among his numerous determinations, Dr. Vandaele concluded that, “Herbalife’s U.S. business operations are consistent with the socially beneficial MLM model and inconsistent with the socially harmful pyramid scheme model.” Dr. Vandaele’s findings are based on review and analyses of a variety of information and data sources, which was performed beginning in the summer of 2013. In addition to survey results, Dr. Vandaele also obtained from Herbalife an extract of profile and financial data for all individuals enrolled as U.S. Herbalife Members at any time during calendar year 2012. These data include for each Member, information such as start and termination dates, level achieved in the marketing plan, number of recruited downline Members, volume of product purchases, and performance payment incentives received from Herbalife for product purchases by their downline. The data did not include any Member’s name, address, or other similar identifying information.
News For HLF From The Last 14 Days
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October 8, 2015
09:34 EDTHLFActive equity options trading on open
Active equity options trading on open: AAPL MTG FCX V TWTR PYPL JPM GOOGL TSLA GPRO HLF
05:20 EDTHLFStocks with implied volatility movement; SD HLF
Stocks with implied volatility movement; SandRidge Energy (SD) 160, Herbalife (HLF) 88 according to iVolatility.
October 7, 2015
12:31 EDTHLFNu Skin plummets after cutting Q3 revenue outlook
Shares of Nu Skin (NUS), a global direct selling company, are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: Tuesday after the bell, Nu Skin lowered its Q3 revenue view to $570M-$573M from $600M-$620M, well below analysts' consensus estimates of $621.55M. Foreign currency headwinds associated with the strengthening of the U.S. dollar negatively impacted revenue by more than $60M compared to the prior-year period. The revised revenue range is expected to represent continued improvement on a sequential basis, and the company continues to forecast constant-currency revenue growth in the fourth quarter of 2015 versus the prior year. WHAT'S NOTABLE: Truman Hunt, Nu Skin's Chief Executive Officer, noted, "Third quarter results were impacted by lower-than-expected sales of our new cosmetic oils in China during August and September, which may be a reflection of economic conditions in China." Hunt continued, "Our third quarter results will be in-line with expectations, with the exception of the Greater China region. Revenue growth in the third quarter was particularly strong in South Asia/Pacific, where our first introduction of ageLOC Youth drove more than 20% growth in that region, or more than 40% on a constant-currency basis. Given the successful launch of ageLOC Youth in South Asia/Pacific, we look forward to the introduction of ageLOC Youth as well as ageLOC Me in most of our regions during the fourth quarter. We forecast year-over-year constant-currency revenue growth of between 7%-10% in the fourth quarter." ANALYST REACTION: Sentiment on the Street was cautious at midday. Research firm Stifel downgraded Nu Skin to Sell from Hold, citing the company's negative pre-announcement and its deteriorating trends in Greater China. Its price target for shares is $35. Another firm, Canaccord, noted that NuSkin pre-announced revenue numbers that were below guidance, which suggests softer trends in China and the long awaited sustainable turn in momentum has failed to materialize. The firm expects a new product cycle to help support the return to growth. Canaccord maintained its Hold rating and lowered its price target to $45 from $48 on NuSkin shares. PRICE ACTION: In midday trading, Nu Skin fell $12.13, or about 26%, to $34.45 on about six times its average daily trading volume. OTHERS TO WATCH: Other companies in the direct selling business include Herbalife (HLF), down 9.2%, Estee Lauder (EL), down fractionally, USANA Health Sciences (USNA) down 8.4%, Avon Products (AVP) up almost 8%, and Tupperware Brands (TUP), up 2.5%.
12:22 EDTHLFAckman's 'lots of new stuff' tease sinks Herbalife shares
Shares of Herbalife are moving lower after Bill Ackman of Pershing Square said yesterday at Bloomberg's Most Influential Summit that he has "lots of new stuff" on the company. Ackman continues to hold a large and high-profile short position in the name. The hedge fund manager told the Summit to "stay tuned" as he can't report the new information as this time. Investors reacted to the comments by pushing shares of the nutritional supplement retailer down 9%, or $5.05, to $53.23.
08:47 EDTHLFOptions expected to be active
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05:20 EDTHLFStocks with implied volatility above IV index mean; HLF FEYE
Stocks with implied volatility above IV index mean; Herbalife (HLF) 71, FireEye (FEYE) 67 according to iVolatility.
October 1, 2015
05:30 EDTHLFStocks with implied volatility above IV index mean; P HLF
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September 28, 2015
06:32 EDTHLFHerbalife volatility flat on tight price movement
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06:28 EDTHLFHerbalife volatility flat on tight price movement
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