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Herbalife Ltd. Message Board

  • getintoh20 getintoh20 Mar 18, 2014 12:41 PM Flag

    Wedbush analysts Rommel Dionisio and Alicia Reese are still bullish on Herbalife’s shares PT $90

    Wedbush analysts Rommel Dionisio and Alicia Reese are still bullish on Herbalife’s shares:

    Despite prominent recent headlines regarding a new FTC investigation, our channel checks indicate still strong momentum in the U.S. business, driven by solid recruiting trends and a successful new product launch…

    Distributor recruiting in the U.S. appears to remain unimpeded…despite all the recent negative press, allegations from a prominent and vocal short-seller, and the change in the business model to separate out Members (discount buyers) from Sales Leaders (who active pursue the income opportunity). With the U.S. comprising nearly 20% of sales, such encouragingly strong trends give us greater confidence in Herbalife’s ability to meet or exceed estimates in both Q1 and 2014.

    Given Herbalife’s still strong core business momentum, partially offset by continued headline risk, we believe shares of HLF should trade relatively in line with its peer group. This generates a 2014E P/E multiple of 15x, resulting in our PT of $90.

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