so sales are falling per member significantly. That means the whole food chain must be suffering means next shoe to fall will likely be a decline in total sales members....and another round of lower revenue. We shall see. Just guessing..what does everyone else think
Because it stinks. They have finally ran out of new ones and the existing ones are starting to sell less product per sales leader. They still make alot of money but the growth has about flat lined. The company trades at 10 times earnings but has $14/share in debt. Adjusted for that the enterprisevalue/earnings is closer to 13 or 14. So it is not super cheap given growth has stalled ect.