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Herbalife Ltd. Message Board

  • fluteman_greg fluteman_greg Aug 1, 2013 4:04 PM Flag

    I wonder when the HLF board meets?

    Lots of talk during the CC about buybacks with the caveat of board approval. I was thinking within a few days of earnings we might get something regarding the stock buyback.

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    • They are not waiting for board approval or re-audit to restart the buyback, they were very clear on CC:

      They have currently modelled $50m per quarter for remaining year, but already have board discretion to exceed that.

      "With PWC on board and our confidence in having reaudited statements by year end, our guidance provided yesterday includes the assumption that the company will resume its buyback program. We have included 50 million per quarter in our forecast but we believe that our balance sheet is under levered and we have available cash and therefore we may decide that based on the discretion provided to us by our board to repurchase more in the amount including in the guidance."

      Their current plan authorizes repurchases up to $787m, it is only above that amount they have to go back to board:

      "Sandy Chen - IT Asset Management
      And so what do you have left in your share repurchase program 750 million?

      Michael O. Johnson - Chairman and Chief Executive Officer
      Little more -- almost 787

      Sandy Chen - IT Asset Management
      And could you go back to the board as soon as that would be complete to ask for more if necessary?

      Michael O. Johnson - Chairman and Chief Executive Officer
      Yes, we will deal with that in time, that will be a board discussion. Again we have a strong history, Sandy, I mean you know us very well. We generated a lot of cash, we're not M&A oriented, that cash first and foremost goes into investing in our future, in our growth and then it goes back to our investors and with a heavy overweight so with share repurchase. And that's been a consistent theme for Herbalife now for six years.

    • We'll find out how many more shares HLF has bought back since their last approved declaration and buy-back, most likely though it won't be a huge amount, and that information will come through a simple news release. ....... The consistent increases in their sales and revenues is what it's all about, and that's what will propel Herbalife much higher regardless of what's going on right now.

      Sentiment: Hold

      • 1 Reply to skepticalearthling
      • skeptical,

        I raised the issue because HLF made several comments about the buybacks during the CC and the possibility of being aggressive. Several questions were asked by analysts regarding this and they repeated that the board needed to approve whatever they decided to do. We are at the end/beginning of the month and my guess would be that the board met either last night or tonight and we might get something on that in a few days. Seems logical.

    • FlutieMO has yet to figure out that wealthy people are because they do not make decisions based on thoughts, speculations, innuendos, hearsay, or otherwise.... Wealthy people are well educated & have an acquired wisdom from worldly experiences..... Guys like flutieMO are lottery approach, no it all, guess makers who will NEVER achieve nor sustain long term financial dependence..... Much of this is DNA based. This along with "intellect" produces wealth...... FlutieMO stick to following Ichan..... once he croaks,,,QUIT!

    • They won't meet until they contact you, Flutie.

    • "I was thinkin"... that is your first mistake...

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