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(Barron's)   Herbalife: "If the market doesn't like our shares, we'll buy our own shares and have hookers and blackjack. You know what, FORGET THE SHARE BUYING"   (blogs.barrons.com) divider line 12
    More: Obvious, Herbalife, AVI, Repos, activist investors, short position, revolving credit facility  
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1557 clicks; posted to Business » on 03 May 2012 at 1:35 PM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



12 Comments   (+0 »)
   
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2012-05-03 01:39:42 PM  
I LOST 33% OF MY STOCK VALUE! ASK ME HOW!
 
2012-05-03 01:42:27 PM  
i hate these guys

we share a parking lot with one of their "distribution" sites

they needed to have moved into an old grocery store, someplace that can handle shiat tons of beaters clogging up and dripping on every parking spot

I now park in the back of the property
 
2012-05-03 01:51:48 PM  
Herbalife, making Amway seem like a reputable company
 
2012-05-03 01:59:05 PM  
dribbble.com
 
2012-05-03 02:07:49 PM  
Ignoring the fact that we are talking about Herbalife here, stock buy backs are usually a giant blinking BUY THIS STOCK sign. It's a sign management thinks the market is undervaluing the company, plus it means fewer shares are outstanding (so each remaining share owns a bigger chunk of the company).
 
2012-05-03 04:04:58 PM  
What in the hell is an "activist investor?" What, investors are now supposed to just keep their mouths shut when they buy public stock?
 
2012-05-03 04:18:03 PM  

Geotpf: Ignoring the fact that we are talking about Herbalife here, stock buy backs are usually a giant blinking BUY THIS STOCK sign. It's a sign management thinks the market is undervaluing the company, plus it means fewer shares are outstanding (so each remaining share owns a bigger chunk of the company).


Yeah, they're totally not going to give that stock to their executives, who won't immediately sell it while the price is inflated. That would be like unethical and shiat.
 
2012-05-03 06:32:15 PM  

Linoleum_Blownapart: Geotpf: Ignoring the fact that we are talking about Herbalife here, stock buy backs are usually a giant blinking BUY THIS STOCK sign. It's a sign management thinks the market is undervaluing the company, plus it means fewer shares are outstanding (so each remaining share owns a bigger chunk of the company).

Yeah, they're totally not going to give that stock to their executives, who won't immediately sell it while the price is inflated. That would be like unethical and shiat.


From the press release in the Farking Article:

Shares that are repurchased will be retired.

So, um, no. Those shares go poof. So, if there was, say, one million shares in existance, and they buy back 100,000, there would only be 900,000 after the purchase, so everybody who owned a share now owns 10% more of the company than they did before.
 
2012-05-03 07:11:31 PM  
Herbalife is nothing but an enablement mechanism for every sleazy scam artist and frauder to ply their trade.

There are a couple guys in my town who are herbalife superstars and have made boatloads of money - by convincing hundreds if not thousands of people that they can make tons of money selling herbalife if only they join their program, buy spaces on their leads wheel, buy big volumes of inventory, etc... He once plastered the entire vancouver area with thousands of "I lost 25lbs in 7 days! Find out how." posters (great for the environment).

This "good upstanding christian man" has made all of his money using deception and false promises to take advantage of stupid people who buy into his scamtastic sales programs. In a just world he would be in jail.

Fark herbalife and everyone involved in it.
 
2012-05-03 09:10:00 PM  
Yeah the guys who "recruit" those crews can actually make some money. Basically, they get some young and desperate kids who will no doubt convince their parents aunts uncles friends etc etc to buy some of this crap to help the kid out. Then they will burn out and start all over again. The guy who ran the "office" next to ours had a viper and a never ending stream and choice 20 something ass. Not a bad living at all... if you can sleep at night.
 
2012-05-03 10:45:25 PM  
When David Einhorn gets after a company, there is something fishy going on. He pointed out Lehman Brothers troubles six months earlier and he did on their dime.
 
2012-05-04 01:02:02 PM  

Geotpf: Ignoring the fact that we are talking about Herbalife here, stock buy backs are usually a giant blinking BUY THIS STOCK sign. It's a sign management thinks the market is undervaluing the company, plus it means fewer shares are outstanding (so each remaining share owns a bigger chunk of the company).


Normally yes, but my gut tells me that this is much more like a "There is nothing wrong with our earning satements, you don't need to check our math, see? We're so confident we're even buying our own stock (with borrowed money?)" type move
 
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