BofA Merrill Lynch comes to the defense of Herbalife (HLF -5%) this morning, saying there's no...


BofA Merrill Lynch comes to the defense of Herbalife (HLF -5%) this morning, saying there's no evidence to validate the accusation that the company's a pyramid scheme. The firm notes that HLF has one of the strongest balance sheets in the group, with the potential to drive $1 per share in EPS accretion if it were to fully exercise its $1B buyback. The stock may be pressured over the near-term until this blows over, but Merrill reiterates a Buy with a $65 target.

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Comments (3)
  • Sennin
    , contributor
    Comments (41) | Send Message
     
    Well, which bank did HBLF borrow from to buy its stock back? Was it not BofA? Are they not simply protecting their investment?
    20 Dec 2012, 01:11 PM Reply Like
  • TwistTie
    , contributor
    Comments (2429) | Send Message
     
    I bought some calls today.

     

    This is very interesting.
    20 Dec 2012, 04:37 PM Reply Like
  • Mikeproc
    , contributor
    Comments (43) | Send Message
     
    Well I have been around the HLF flag pole for 25 years and have seen the company grow into one of the most successful companies of its type in the industry. I have been in business using the traditional retail business model successful for several years.
    The HFL business model makes sense on every level and if someone is so uninformed and can't see this as a legitimate and honest way to do business, they simply can't be taken seriously and are running with some other agenda. I suspect one to manipulate the market for their personal gain. HLF's integrity is a better bet than that of its detractors for my money. No question.
    21 Dec 2012, 12:15 AM Reply Like
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