Jenks Jumps
Growth at reasonable price, long-term horizon, value

USANA Health Sciences: Banking On Network Marketing In China

Couple above-average revenue growth with zero debt on the balance sheet and growth investors do a double take. Introduce a global presence and the story line gets even more interesting. With a price hovering just under fair value, one starts to wonder if there is a hidden catch.

USANA Health Sciences (NYSE:USNA) is a network marketing company developing and distributing nutritional and personal care products. Dr. Myron Wentz, company founder, has been on a personal mission since 1974 contributing to medical science to create a world free from pain, suffering and disease. He is credited with developing the first commercially-available test for diagnosing the Epstein-Barr virus. After building Gull Laboratories from 1974 to 1992, he launched USANA. Through...

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