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Herbalife Ltd. Message Board

  • sirwelshknight sirwelshknight Feb 19, 2013 7:01 PM Flag

    SEC - There is a huge difference....

    Between having discussions and demands for detailed operational financial data - these guys will get destroyed on the call - analysts will be pi@$ed!!!

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    • The real question some people must ask is why would Herbalife contact the SEC themselves if they were trying to cook their books? From all the reports I have read, they contacted the agency after Ackman made his accusation, presumably to clear their name. Perhaps They are not legit, I don't know, but it makes no sense to me why they would call in the regulators themselves if they were trying to hide something.

      Sentiment: Hold

    • Talk about clueless.

      The call will be a parade of well wishers saying "congrats, awesome quarter and buybacks since year end!"

    • Herbalife contacted the SEC after Ackman shorted the stock. Not sure what the SEC could do. Even if there was an inquiry, going over financial documents alone will take months or years. Interviewing witnesses and other individuals will take months as well. Some of these matters is beyond investigators or prosecutors knowledge and understanding. Whoever is prosecuting this will need super strong evidence beyond labeling this company MLM since Amway, Nuskin, and other companies are doing the same and never been shut down. Proving HLF is not a legitimate company is not easy. Investigators and Prosecutors will move on with their lives, retires, or whatever and the case will be re-assigned to a different investigators and prosecutors and everything will be back to the beginning again.

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