The opportunity to becoming a millionaire per Ackman's presentation
grows dimmer by the day. Audit will soon be released. This will be a buy signal that will be heard around the world. I expect some super shenanigans could take place as well. Ackmann has worn out the knees in several Armani suits begging Congress, SEC, FTC, FDA, and the PTA to intervene on his behalf. Even Linda Sanchez my honorable Congress woman got sucked in to attempting to aid Bill for some campaign contributions.. The thing is it is over for him. And over for the shorts. The cash from his JCP sale will begin to be employed to buy shares back. He would be smart to buying them in these manufactured pull backs. He will wait too long and it will get more expensive over time not less. Watch and see. Buffett could use this company and at the current valuation it would be a big benefit.
The coast is clear with the FTC even though there has been no formal announcement. The company has always worked closely with the FTC. Ackman has tried to drive a wedge in there but really there are no takers. Only Korea has had some slow down in country sales but it is more than off set by China. China probably has 20 years of out sized growth before any meaningful decline in growth rate. It really is about penetration. The US continues to grow both revenue and market share after 32 years in the game. Congratulations to the HLF distributors for keeping focused in this ACK ATTACK. He was not counting o that.