In case the company updates it, I have saved a legacy copy here.
I was sharing the document with a couple people, such as fantastic analyst Connor Davidson who pointed out on Twitter today, Herbalife has misstated another slew of numbers relevant to how the business is doing. This time it's from the company's updated 2015 Statement of Average Gross compensation.
Pay attention to the numbers for "Sales Leaders with a Downline":
All of the percentages are wrong.
They list vs. The calculation (# of ppl/group total*100)
0.0% vs. 0.3%
0.0% vs. 0.6%
2.4% vs 0.89%
2.4% vs 1.72%
4.5% vs 3.03%
6.1% vs 3.9%
28.7% vs 16.9%
45.9% vs 62.3%
10% vs 10.56%
How many data misstatements must this company make before regulators do something?
Disclosure: I am/we are short HLF.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.