Tue, Nov. 17, 4:23 PM
- The U.S. Department of Justice indicts executives of privately held USPlabs for criminal conspiracy to distribute toxic substances contained in their dietary supplements Jack3D and other products. According to the DOJ, the company altered its labeling and packaging regarding ingredients, made misrepresentations to regulators, retailers and consumers, knowingly and willfully sold products containing toxic substances and made false claims about the effectiveness of the products.
- The DOJ also brought 12 civil actions, including five last week, but did not specify who they were directed to.
- After hours action: Herbalife (NYSE:HLF): down a fraction; GNC Holdings (NYSE:GNC) down 7%; Vitamin Shoppe (NYSE:VSI): down 5%.
Tue, Nov. 17, 12:22 PM
Mon, Nov. 16, 7:49 PM
- In its 13F filing, Soros Fund Management revealed it's bailed out on its Herbalife (NYSE:HLF) bet by liquidating a near 2M-share position in Q3 -- likely at a profit -- and added stakes in Netflix (NASDAQ:NFLX) and Wynn Resorts (NASDAQ:WYNN), as well as boosting Allergan (NYSE:AGN) as its top holding.
- Herbalife is up almost 47% YTD as Soros and Carl Icahn lined up on the long side against bearish investors including Bill Ackman. The Soros fund also reduced its put holdings on the S&P 500, to 836K shares from 2.9M.
- Behind the Allergan add, Soros disclosed a $137.5M investment in PayPal (NASDAQ:PYPL) and ended the quarter with a $32.8M investment in Netflix, as well as $9.9M in Wynn.
- Aside from Allergan, the Soros Fund's biggest holding was in Adecoagro (NYSE:AGRO).
- Overall market value of the Soros holdings dropped to $6.61B, from $10.75B.
Tue, Nov. 3, 6:36 PM
- Herbalife (NYSE:HLF) Q3 results ($M): Global Net Sales: 1,102.9 (-12.2%); North America: 219.4 (-1.8%); Mexico: 113.4 (-21.2%); South/Central America: 138.1 (-32.7%); EMEA: 182.5 (-10.7%); Asia Pacific: 224.6 (-24.6%); China: 224.9 (+24.1%).
- Net Income: 93.6 (+735.7%); EPS: 1.09 (+738.5%); CF Ops: 134.5 (+32.0%).
- Volume Points (NYSE:M): North America: 285.0 (-5.9%); Mexico: 207.2 (+5.3%); South/Central America: 188.7 (-7.7%); EMEA: 219.0 (+10.1%); Asia Pacific: 258.0 (-15.3%); China: 149.8 (+24.1%).
- Q4 Guidance: Volume Point Growth: (1.5) - 1.5%; Net Sales Growth: (8.5 - 5.5%); Non-GAAP EPS: $0.85 - 0.95; Currency Adjusted EPS: $1.12 - 1.22.
- 2015 Guidance: Volume Points Growth: (3.5 - 2.8%) from (4.0 - 1.0%); Net Sales Growth: (11.1 - 10.4%) from (9.5 - 6.5%); Non-GAAP EPS: $4.65 - 4.75 from $4.50 - 4.70; Free Cash Flow: $490 - 450M from $470M - 490M; CF Ops: $400M - 430M from $340M - 380M; Currency Adjusted EPS: $6.19 - 6.29.
- 2016 Guidance: Volume Point Growth: 2.5 - 5.5%; Net Sales Growth: 4.5 - 7.5%; Non-GAAP EPS: $4.35 - 4.75 ($0.50 currency headwind); Currency Adjusted EPS: $4.85 - 5.25.
- Shares are down 3% after hours on increased volume.
Tue, Nov. 3, 4:23 PM
Mon, Nov. 2, 5:35 PM
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Fri, Oct. 30, 11:49 AM
- There's an eclectic mix of wellness and personal care stocks making a breakout on a down market day.
- It's not crystal clear if the buying enthusiasm is in response to the Valeant drama or earnings reports from within the sector.
- Gainers: GNC Holdings (GNC +6.1%), Vitamin Shoppe (VSI +1.6%), FitLife Brands (OTCPK:FTLF +4.5%), Nu Skin (NUS +9.8%) , Natural Health Trends (NHTC +2.1%), Inter Parfums (IPAR +3.1%), Avon Products (AVP +1.7%), Wellness Center USA (OTCQB:WCUI +12.3%), Herbalife (HLF +4%).
Tue, Sep. 15, 12:25 PM
- Pershing Square Capital Management, led by activist investor Bill Ackman, publishes a slide presentation that compares Herbalife (HLF +1.9%) to Vemma Nutrition Company, a pyramid scheme shut down by the FTC in August.
- The market appears unconcerned. Shares are up today, albeit on light volume, and up 107% from the low of $27.60 on January 7.
Wed, Aug. 26, 12:42 PM
- “Rather than focusing on selling products, Vemma uses false promises of high income potential to convince consumers to pay money to join their organization," says the FTC's Jessica Rich, using words that may give pause to investors in Herbalife (HLF -2.9%).
- Vemma is a privately-held multilevel marketing company selling energy drinks, nutritional beverages, and weight management products.
- NuSkin (NUS +1.2%), USANA (USNA -0.8%)
Thu, Aug. 6, 12:43 PM
Wed, Aug. 5, 4:29 PM
- Herbalife (NYSE:HLF) Q2 results ($M): Global Net Sales: 1,162.3 (-11.0%); North America: 230.0 (-8.2%); Mexico: 129.2 (-13.1%); South/Central America: 133.5 (-34.4%); EMEA: 193.8 (-14.7%); Asia Pacific: 239.1 (-21.9%); China: 236.7 (+39.2%).
- Royalty Overrides: 318.7 (-18.4%); Net Income: 82.8 (-30.7%); EPS: 0.97 (-26.0%); CF Ops: 197.6 (+25.9%).
- Volume Points: North America: 305.4 (-9.1%); Asia Pacific: 271.2 (-15.3%); EMEA: 228.3 (+4.3%); Mexico: 219.9 (-4.9%); South/Central America: 173.1 (-16.1%); China: 164.0 (+38.4%).
- 2015 Guidance: Volume Point Growth: (4.0 - 1.0%) (unch); Net Sales Growth: (9.5 - 6.5%) (unch); Non-GAAP EPS: $4.50 - 4.70 from $4.30 - 4.60; CF Ops: $340M - 380M from $320M - 330M.
- Q3 Guidance: Volume Point Growth: (4.0 - 1.0%); Net Sales Growth: (10.0 - 7.0%); Non-GAAP EPS: $1.00 - 1.10.
Wed, Aug. 5, 4:23 PM
Tue, Aug. 4, 10:22 AM| Tue, Aug. 4, 10:22 AM | 30 Comments
Wed, Jul. 29, 1:15 PM
- Embattled nutritional products seller Herbalife (HLF +4.4%) continues to swat pesky lawsuits away. Today, U.S. District Court Judge Dale Fischer dismissed a lawsuit brought by the Oklahoma Firefighters Pension and Retirement System that accused the company of misrepresenting its sales practices as legitimate when, in fact, it is an illegal pyramid scheme. The judge, who dismissed an earlier version of the complaint in March, stated that the plaintiff failed to show that the defendants defrauded shareholders by concealing the company's inability to track retail sales.
- The judge also said that CEO Michael Johnson's selling of 12% of his Herbalife stake, while "undeniably large," did not raise suspicions nor did disclosures by top execs that they expected "some form of disciplinary action" over the sales practices issue.
- Attorney Maya Saxena, representing Oklahoma Firefighters says, "We are disappointed with the ruling and will determine our next steps after consultation with the client."
- The plaintiff has until August 27 to file an amended complaint.
- The case is: Herbalife Ltd Securities Litigation, U.S. District Court, Central District of California, No. 14-02850.
- Previously: Herbalife +5.3%; shareholder lawsuit dismissed (March 17)
Mon, Jun. 29, 11:05 AM
- Herbalife (HLF +1.1%) appoints Eric Rosen as vice president of government relations and director of its Washington, DC office. Mr. Rosen worked for Senator Joe Biden for five years as Judiciary Committee counsel. Before that, he worked in the U.S. Attorneys office for the Northern District of California.
- He will report to Ric Hobby, the head of the company's global government relations team.
Fri, Jun. 26, 3:51 AM
- The Herbalife (NYSE:HLF) drama continues...A video (dating back to 2005) seen by the NY Post displays CEO Michael Johnson bad-mouthing the company with criticisms one would expect to hear from Bill Ackman.
- Success in Herbalife, he decried, was a "lottery ticket," with few making it to the top ranks. In fact, he said, distributors had sometimes engaged in "false promises, claims, in hopes for product, for money, for recruiting, for customers, for pyramiding."
- Related: Ackman ramps up his bearish views on Herbalife in interview (Dec. 17 2014)
- Related: Pershing posts new Herbalife-bashing video (Dec. 11 2014)
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