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Herbalife Ltd. Message Board

  • jkleaszr1 jkleaszr1 Apr 27, 2013 6:34 PM Flag

    Per Cramer.........due to HLF not having an auditor,

    they cannot currently buy back shares or pay dividends as would normally be the case.

    "I also like Michael Johnson from Herbalife, but have had to back away from that one because my pal, Herb Greenberg, has red-flagged it and I never go against his red flags. Plus, the main reason to have been in that stock is the redeployment of its cash flow to buy back shares or pay big dividends, and now that it has no auditor it can't do either."

    Due to Thursday's meeting being so short (approximately 14 minutes or so....), I am hoping this was to minimize any potential 'open mouth, insert foot' moment by upper management regarding them mentioning that they are in talks to take the company private. If nothing materializes regarding this subject or no news of another one of the top four auditors becoming their new auditor, we may see HLF sell off.

 
HLF
55.65+0.11(+0.20%)Jul 2 4:04 PMEDT