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Following Herbalife's (NYSE:HLF) 20% plunge, D.A. Davidson's Tim Rainey agrees with the company...

May 01, 2012 5:45 PM ETHerbalife Ltd. (HLF) StockHLFBy: Carl Surran, SA News Editor5 Comments

Following Herbalife's (NYSE:HLF) 20% plunge, D.A. Davidson's Tim Rainey agrees with the company that the selloff creates a buying opportunity, dismissing David Einhorn's probing: "If anyone else had asked the question, we would have wondered why time was being devoted to such basic inquiries... This was an excellent quarter from an excellent company with high ethics and strong accounting."

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