The issue Bill Ackman raised concerned me.
It is pleasing to see that the company is addressing these head on. From page 28 of today's 10Q:
| (1) | During the second quarter of 2013, we simplified our pricing structure for the North America region by increasing suggested retail prices and reducing total shipping and handling revenues by a similar amount, eliminating a “packaging and handling” line item from our invoices to distributors. We do not expect these changes to materially impact our consolidated net sales and profitability. We anticipate extending these changes to additional markets in future periods. |
As a long investor it is encouraging to see perceived deficiencies being appropriately addressed.
John
How are your shorts doing again? ARLP? FMCN?
ReplyDeleteMy shorts are doing dreadful. Well many of them. But I am up in the UK, Canada and other jurisdictions on shorts.
ReplyDeleteHow are your shorts doing?
How are our shorts doing? Well, Infitialis is a research collective that exposes such fraud and folly in an effort to identify bubbles before they implode and our 100% track record of success speaks for itself!
ReplyDelete"our 100% track record of success speaks for itself" - my first impression was that this comment really speaks for itself
ReplyDeleteJohn,
Appreciated your "on the ground" look at a Herbalife community in the States, was excellent work and a final catalyst for me finally getting long HLF myself.
One of the rare occasions I've used long-dated call options. As it was always a binary trade (either seriously undervalued or Ackman finds a regulator to get it down to zero), one of the few times I felt risk-reward really benefitted from use of long deriv position.
how is that addressing the issue?? As in "we'll take care of that issue by 'making' it go away".
ReplyDeleteAlso, is this across all markets?
IMHO they just lost the opportunity to disclose transparently the pricing structure. I wonder if in a few quarters they will reverse this. All these complicated surcharges allowed for small %point adjustments, and a great way to boost bottom line.
Let's see, simplifying pricing structure is one thing but including all 'surcharges' in the product pricing will "further" inflate the already high priced product. But don't forget the cascading discount system from top to bottom. I'm not entirely sure they accounted for this, as I didn't "digest" the whole release yet.
My 0.02 EUR.
Cheers,
B-
PS: Somebody ought to do a case study on HLF - Bill A., Carl and... JH. This is turning up to be so much fun!
I've been down at Coogee Beach, mid-winter, in the glorious sunshine IN my shorts.
ReplyDeleteI love shorts!
John Hempton,
ReplyDeleteFirst and foremost I am one of your many fans from Canada.
If you were a brand it would be rare and it is my hope your new employee leverages it to it's fullest potential.
1. honest
2. common sense
3. comprehend faults including his own
Can you or one of your loyal readers provide clarity as to the specific codicil provisions between Soro's Fund Management and Pershing Square Capital Management?
Thank you in advance,
ReplyDeleteHack Man asks SEC to investigate Herbalife longs for collusion.
Not a joke. On Fox Business.
I'm not too sure how they have addressed Ackman's point. Firstly, the change only applies to North America even though the line item was global.
ReplyDeleteSecondly, it just means you have to pay more now for the same product you would have got in the previous quarter for less... doesnt this just prove Ackman's point that the handling charge was deceptive in the first place?
To me, company's recategorising line items like this is never a good sign
I got to agree it doesn't seem that Herblife is fixing the issue. It's only in a certain area and it's not effecting their net sales.
ReplyDeleteProteins can be a phrase to get a mixture of
ReplyDeleteamino acids.
That is when you supplement with protein, you are supplementing amino-acids
why. Proteins would be the blocks of muscle. Without ample proteins, the body can
not increase and muscles atrophy may occur.
You will find essential and non-essential amino-acids.
Vital amino acids (EAA's) can not be produced by the body and have to
be waste (isoleucine, leucine, lysine, methionine, phenylalanine, histidine,
threonine, tryptophan, and valine), while other amino acids could be produced by the body.
Whilst virtually every food contains protein, protein products originate from four
principal options: whey, casein, soy, and egg.
They vary when it comes to most of all, charge, resource, and arrangement, digestion rate.
Whey is just a fast-acting proteins and to the other end-of the range, casein
could be the slowest in consumption. Glutamine products are frequently overkill as glutamine precursor proteins are abundant in whey shakes.
DEXTROSE:
This is among the greatest post-workout supplements that few trainers talk about
(or know about.) You won't also find it in
merchants very often. Nevertheless, this is actually the best issue to take post-work-out because of the undeniable fact that it's really a fast-absorbing carbohydrate.
It will restore muscle glycogen levels and help your muscles recuperate after having a hard exercise.
(The faster they could recover, the greater chance they have to cultivate.)
BCAA (BRANCHED CHAINED PROTEINS):
These are best to get before and after your exercise. Intense exercise is well known to break down BCAA's so it's crucial that you reestablish these quantities through supplementation.
If your body is reduced on BCAA's it's going to be harder for you
to obtain muscle mass.
DAA (D-ASPARTIC ACID):
You already know that men with higher testosterone
levels have the ability to construct muscle quicker and easier.
If you prefer to improve your normal To levels, Chemical-Aspartic Acid
is among the greatest products to take.
L-GLUTAMINE:
lean muscle building diet for men (bestsupplements2buildmuscle.com)
Only like BCAAis, large weight lifting puts a requirement on your
own body regarding amino acids like l glutamine. Supplementing with this won't just
help parts of your muscles recuperate faster, nonetheless it's already been proven to
assist in protein synthesis AND increase your lcd HGH (Human Growth
Hormones) levels, which will certainly impact on muscle gains.
There are many greatest supplement to construct muscle quickly.
You can develop considerable and quality muscles if you consume the muscle mass building supplements which
can enhance your energy and transform the human body design completely.
It is possible to realize the big arms or six-pack abs if you remain might musclebuilding rule.
You have to do the correct exercises, diet and take in
finest supplements which are recommended.
You might not have the ability to attain your purpose by
just investing frequently in the gymnasium. Nonetheless,
it's to become completed if you'd like to construct muscles easily and also other
varieties of pursuits aswell. You must pay an unique awareness of your fitness regimen if you want to
observe efficient and powerful outcomes.