I don't think that was the reason for today's pop. Today's pop was too quick and almost traded 1 million shares in minutes. I think it's some mm adding LL to his portfolio.
Good morning, pick_2day. Where can I find this information? Do you have a link? Thank you.
Not really. The actual statement was that " HLF is prodding regulators to file stock manipulation charges...."
That does not mean HLF is filing a suit. HLF is asking the regulators to charge Ackman just as Ackman is asking the FTC to shut HLF down. Just media battle and talking #$%$.
The Latino population is the largest consumer group in the U.S. By year 2060, the half of our nation's population will be latinos. It makes a perfect sense for a business to target the biggest consumer base.
herbascam, thank you for your comment. I believe and know that HLF's products are grossly overpriced. I could be selling identical products at 1/10 of the price of HLF"s and still make a huge profit. I know that HLF is feeding off of their distributors and I feed sorry for the distributors.
While HLF is a morally imperfect company, it's business model has been established for decades. I'd love to see HLF go out of business but there is no laws that could shut them down.
I own a small sized dietary supplement company and here are my 2 cents.
Once, I was offered a multi-million dollar investment asking to open up a MLM dietary supplement company in the U.S. I did not take that offer due to personal beliefs and reasons but I've teamed up with a big law firm to see if anything could go wrong. Based on the law firm's research and findings, there is no federal and/or state laws that can shut MLM companies down in the U.S. unless;
1) Company pays its members/distributors for recruiting new members.
2) Company has no return/refund policy that allows unhappy members/distributors to return the merchandise.
Also, if the gov't agency finds HLF is indeed a pyramid scheme and shuts it down, they have to shut down Amway, Nuskin, and other MLM companies. Imagine what that will do to our economy. The last thing this gov't wants are millions of angry voters.
The only thing that is important here is the earnings. If HLF shows that the earning is solid, there should be no reason to worry. Also, there could be a catalyst for the long if HLF somehow convinces the Chinese gov't that it's not a pyramid scheme. The Chinese gov't are not that difficult to handle if you pay them respect that they want.
Overall, I think there are more upside than the downside.
I have no position in HLF. Just paying attention to to company cause it's directly related to my business.