Today's presentation was a malicious attack on Herbalife's business model based largely on outdated, distorted and inaccurate information. Herbalife operates with the highest ethical and quality standards, and our management and our board are constantly reviewing our business practices and products. Herbalife also hires independent, outside experts to ensure our operations are in full compliance with laws and regulations. Herbalife is not an illegal pyramid scheme.
If HLF doesn't announce a very aggressive buy back plan tomorrow or special dividend it will be in $20's. My cost basis is still above $40 even after buying more at $34. I am more than a little nervous that the bottom is not close to in. This statement does absolutely nothing.
Anyone hearing any buzz about what HLF MGMT has up it's sleeve?
I am long well above $40 but I been in worse stocks after a bad earnings call. This will pass as the facts come out. HLF will get its material together for a statement. I will buy again at lower prices as you did when cash comes available. Good luck to you. This board is full of great info from both sides. It was quite before this lol.
Leave the stock markets if you are panicked. If you sell at loss; that means shorts are making profit the equiovalent. Once these creatures get taste of red, they will double their attack. Don't succumb to pressure. Please don't pollute the stock market.
History repeats. Why U guys aren't following MED and Barry Minkow case? MED stands tall where as Barry is in jail for 2nd time.