LOS ANGELES--(BUSINESS WIRE)-- Herbalife Ltd. (HLF): Today, on Herbalife's earnings call the company announced record results -- its best quarter financial results in 32 years.
The fact that recognized short seller David Einhorn asked questions on the call put pressure on Herbalife's stock price.
To be clear: Mr. Einhorn's questions raised no new subjects or concerns. They were elementary questions usually asked by investors new to our industry. These are issues that have been thoroughly addressed before. Analysts and investors can review the specific answers to his questions on our website later today at www.herbalife.com.
Our business fundamentals are very strong and we are confident in our financials, our disclosures, and our network marketing business method.
We believe the drop in Herbalifes stock price today is a buying opportunity given the strong business fundamentals and our outlook for ongoing success. We currently have $428 million in repurchase authorization.
About Herbalife Ltd.
Herbalife Ltd . (NYSE:HLF) is a global nutrition company that sells weight-management, nutrition, and personal care products intended to support a healthy lifestyle. Herbalife products are sold in 81 countries through a network of independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to help bring good nutrition to children. Herbalife's website contains information about Herbalife, including financial and other information for investors at http://ir.Herbalife.com. The company encourages investors to visit its website from time to time, as information is updated and new information is posted.
SVP, Worldwide Corp. Comm.
VP, Investor Relations
Source: Herbalife Ltd.Copyright Business Wire 2012