Never said it might have anything to do with them but good job trying to change my words for me....And you crack me up...now they're like Lumber Liquidators...What's next:)
Well, bbrry, at least we both agree that a fraud announcement from the FTC and all 50 AGs might have something to do with Usana. There's always that possibility.
But maybe it just has something to do with China sourced products. Like Usana's. Like Lumber Liquidators.
Look who's back...and surprisingly with yet another blanket statement only posted on this company's board. Really....come on. If you're going to post things to get people worked up, wait until something factual happens and then do it in a manner that is relevant. What's your website so I can post some mystery event that will happen and might have some implication on you but I'm not really sure but I know if I say it will people might think it even though it WON'T be true. You can do better than this.....
I can only hope that the FTC announcement tomorrow about major consumer fraud is about MLMs. They sell products you don't need, at a price that is exorbitant, to customers who don't exist (only players in the pyramid scheme).
Ok...so only because someone has to entertain you and reply 'll take it for the people who actually know how much nonsense this really is. First it's an earnings release and call. If there were legitimate concerns they would have been addressed on the call by the analysts. So, clearly your agenda is one that people who actually follow and trade stocks on facts don't care what you post or say. Two, on the call they stated that all markets, including the US had growth which obviously signaled positive reaction driving the stock up. Third, you consistently try to make a negative argument on the facts when it doesn't exist. The fact of the matter is that the company is having success in China and what happens to their business in Hong Kong, is quite frankly only a small speck of the business. You make it sound like there's problems when anyone looking at the company performance sees growth in all markets, an increased earnings projection, increased EPS, and positive movement worldwide. Listen, do us all a favor and crawl back in the hole for another three months and we'll see you when the earning come out again and I would bet signal even more growth and positive performance based on this company's overly conservative outlook on business.
USANA Health Sciences (USNA) misled shareholders in their first quarter earnings on May 5, 2015 by cherry picking those markets with an increase in sales while neglecting to report any information on markets that decreased such as Hong Kong. For example, USANA stated “Net sales in Greater China increased 43.0% year-over-year due to growth in Mainland China. Specifically, local currency sales in Mainland China increased 121% year-over year” What USANA didn't tell you in their earnings release was the fact that Hong Kong sales declined by about $15 million or 63%!
USANA only compared year-over-year results. However, USANA is NOT a seasonal stock. If we look at the earnings result quarter-over-quarter, here is what it would look like: Net Sales in Greater China decreased 2.6% quarter-over-quarter due to a declining market in Hong Kong. Specifically, sales in Hong Kong declined $10.2 million or 54.5% quarter-over-quarter. This was slightly offset by growth in mainland China where sales increased by $7.5 million or 9.8% quarter-over-quarter.
In case you missed it - Hong Kong's decrease outweighs mainland China's increase quarter-over-quarter.
Putting this into perspective and why Hong Kong's numbers are significant:
Q1 2015 Hong Kong sales estimated around $8,529,000
Q1 2013 Hong Kong sales were $41,597,000
Really that's your push back...Complete waste of time to type that one. Bottom line the company is performing, the market is reacting and you continue to post little things trying to stop that movement. Good luck!
During the first three months of this year (Q1 2015), USANA gained a total of 5000 preferred customers. During this time they featured three USANA products on the Doctor Oz Show. The number of viewers of the show reaches beyond two million. IF all 5000 added preferred customers were attributed to the doctor oz show, that would only represent less than one quarter of one percent (0.25%) of viewers bought a USANA product. THAT is a dismal failure. THAT is evidence of no product demand from a RETAIL market, which is because the products are OVERPRICED.
What USANA sells is a pyramid scheme. To participate, you purchase the product.
You ARE that dense aren't you. You do realize that the company is using this relationship because Oz has influence in over 100 countries right? In fact there are subtitled versions on YouTube for them to use of their products on the show. What you've said is an uneducated look at the relationship and complete nonsense as usual. You try and try and try, but you just don't think before you post these things. And SHOCK of all shocks when do you post it.....wait for it......DING earnings time. Too predictable....crawl back in your hole.
USANA's first quarter earnings show an increase of 3000 preferred customers for the Americas/Europe. This means that promoting USANA products 3 times throughout the first quarter on the Doctor Oz show had basically ZERO impact. This says a lot about a company's products that are advertised in front of over 2 million viewers. This should not go unnoticed by stock analysts and should question USANA WHY there was no impact.
I believe this revelation is evidence of a product with NO DEMAND in the free market AT THE CURRENT SELLING PRICE, which is the price the distributors pay. So if you put USANA products on store shelves at the price the distributors and preferred customers pay, nobody would buy it!