and leveraged their balance sheet to dangerous levels to do so, then WHY are they NOT buying any stock now at 40? Oh yea, they are BROKE. Same reason they do not pay any dividend. The balance sheet is in tatters, the sales and recruiting are DECLINING. They LOST MONEY on pre tax basis last quarter. HOw is that for VALUE?
watching this pyramid come apart. And to think the FTC has not even acted yet and the whole good ship herballife has run aground and taking on water big time. But aside from that, once it eventually collapses think of the savings in human agony, lost money and time that will be saved by millions around the world. Spending any time on this abhorrent abomination of a sham is a waste of everyone's time and money. Unless of course you are short and then it is very worthwhile :)
Sure markets and stocks can get over bought and over sold. But something I have learned the hard way is the biggest losses come from over sold stocks and over sold markets. Usually they get over sold for a good reason such as is the case with HLF today. And it has a lot more downside imo based on the dismal financials presented. The cfo looked very weak and dodgy in his interviews. The coward JOhnson sends out his CFO to do the heavy lifting while he hides like a craven child.
7 TIMES estimates you idiot. And based on recent results I would NOT trust those estimates AT ALL. Fact is they LOST MONEY pre tax in this quarter using generally accepted accounting practices. The rest is all speculation and make believe accounting. But you are use to make believe with your trading aren't you? LOL
Wouldnt it be great if flutie were required to take truth serum and then post the truth on these boards. Nobody believes him but still he continues with his make believe 100% gains and every trade he makes in secret is very profitable; so he really is making a fortune in spite of the stock sinking like a rock.
This must be a sad day for you Flutie. I know you fully expected to spend the day crowing about how great the earnings were, but instead you must sit and eat crow instead and continue to think up reasons that GAAP are irrelevant. Sad little man with a sad little plan to profit on the backs of the exploited.
I think you are on to something here. I once thought the flutemeister might have been the night janitor but now i am inclined to believe he works in the accounting department. Maybe in charge of finding creative non GAAP expenses to exclude from income. And once they find a way to eliminate ALL expenses then they will find ways to enhance revenue without really making sales. Soon their profit will be GREATER than their sales. That is how good these guys are.
No big news except they are continuing to do great with their make believe accounting. the team at HLF is said they are thinking about excluding other expenses also such as employee compensation (their logic is that employees will eventually quit or retire so they are going to reclassify all compensation expenses as temporary and non recurring, therefore excluded from their make believe profit and loss statement. Pretty soon the accountants at HLF will have revenue equal to profit because all their expenses are temporary and non recurring eventually. Flutie told us that GAAP do not matter so it must be true.
and the current MLM pyramids are built on the same thing. SLAVE LABOR. Although it seems the current MLM slaves are getting harder to recruit with the false promises of riches and perpetual income.
for this equity to be trading as high as 47-48. Low 40's would be a big premium, mid 30's more like it imo for what they are reporting. Absolute disaster on almost every front. Remeber, they LOST money this QUARTER pre tax. Of course if you go to the FLUTIE idiot school of accounting GAAP does not matter. Just make up any number you want and then reconcile that back to accepted standards. LOL
Actually the 13 cents per share profit was only the result of a tax refund. On a pre-tax basis HLF lost over 2 million dollars but then got a 13 million tax credit for the 11 million after tax earnings or .13 per share. This was a really UGLY earnings report. Project that forward, Put a P/E ratio on that and see what you get
Thats right. they are in the hole almost a billion dollars and dropping fast. That along with no profit, no dividend and little hope for improvement ought to be good for more down drafts on the stock price in coming days and weeks. The only hope is China and that corrupt country fits well with the corrupt MLM model that HLF pushes. But even the ChiCom's will get sick of these pyramids and start enforcing their own rules and cut them off in time.
how HLF was able to make so much money off commodity protein shakes you are starting to get your answer. It aint the product. It aint the service. It aint the brand or the reputation. It is the PAY PLAN that suckers in millions each year and gets them to over pay for the commodity cra**pola that this company pushes.
oh wait, they cancelled that. Probably a good thing as they can not afford the 25 million per quarter that was costing them. Forget the FTC outcome this pig's engine is in serious stall mode.
Actually the 13 cents per share profit was only the result of a tax refund. On a pre-tax basis HLF lost over 2 million dollars but then got a 13 million tax credit for the 11 million after tax earnings or .13 per share. This was a really UGLY earnings report. Expenses way up. Income declining. Balance Sheet a mess. Cash going down. Debt is HUGE I am surprised the stock has not dropped more.
that during the CC tomorrow they only allow softball questions again. COWARDS at the helm that can't handle any tough questions. Probably just let Raimey call in and block all others. LOL