tag:blogger.com,1999:blog-4815867514277794362.post2653603621219335515..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: An incomparable business opportunity allowing men and women to build a home based business of their own...John Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-4815867514277794362.post-60201613666376625952013-07-27T01:24:52.956+10:002013-07-27T01:24:52.956+10:00Differences between the Pampered Chef (direct sale...Differences between the Pampered Chef (direct sales) and Herbalife (MLM):<br /><br />http://files.shareholder.com/downloads/TUP/0x0x632459/99ab0f1f-6672-40cb-8659-4a7ad9e90b6c/TUP%20-%20White%20Paper.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-83667588556159567722013-07-26T18:28:21.144+10:002013-07-26T18:28:21.144+10:00John, I agree with Paul. I think one argument of B...John, I agree with Paul. I think one argument of Biil Ackman which you are yet to address is pop & drop pattern of sales in various countries and their subsequent regrouping with new growth countries to show an increased sales from regions.<br />Also,<br />The google search spikes when Einhorn posed questions to Herbalife.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-61195119900109350162013-07-26T17:24:03.162+10:002013-07-26T17:24:03.162+10:00I'd try a google correlate search with their r...I'd try a google correlate search with their reported revenues (earnings, whatever) and see what pops up, play around with different data sets - the stock price for example - and see if there's anything interesting beyond Ackman and Icahn. I'd do it myself but I had to reset my password the other day and can't recall what it is (and don't want to have to re-sync with my phone). Sorry, but maybe something will turn up.<br /><br />Jordan S. Terry<br />Stone Street Advisors LLC<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-90692017517300637332013-07-26T11:09:22.848+10:002013-07-26T11:09:22.848+10:00I'd speculate that most of the increase in sea...I'd speculate that most of the increase in searches for 'Herbalife' on Google is from the financial industry wanting to know more about Ackman's play. As opposed to new customers for its products.Jononoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-84983337046370812322013-07-26T11:08:21.228+10:002013-07-26T11:08:21.228+10:00All the analysis you have done does a good job of ...All the analysis you have done does a good job of discrediting part of Ackman's thesis, that Herbalife is a bonafide ponzi/fraud/pyramid scheme, however I don't think you have tackled what I perceive as the key part of his argument, which is the pop & drop pattern. In his presentation on pages 248-263 he runs through it in good detail about the history of the company experiencing severe sales declines after a few years in major markets, and how its recent sales growth has come via reaching into much poorer markets. In the US he mentions company quotes around reaching into markets such as students, and lower socio-economic status communities including the broader hispanic population.<br />The evidence of clubs you collected featured a hispanic club, but part of Ackman's thesis is that this was in the pop-phase keeping overall US figures up.<br />Regardless of whether Ackman is right about any other parts of his thesis, if he is right about the pop & drop he will be right about Herbalife as a short, because Herbalife is running out of new markets.<br />Paul Masonnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-65189816289914187472013-07-26T04:03:16.821+10:002013-07-26T04:03:16.821+10:00Anonymous at 3:49 PM:
I think you have missed the...Anonymous at 3:49 PM:<br /><br />I think you have missed the point: the pull-quotes were from statements made by Berkshire about Pampered Chef. They were presented as statements by (someone) about an unidentified MLM business, with an implication that they were made by HerbaLife about their own business, and that Akerman had (justly, in his mind) criticised them as evidence that HLF was a pyramid scheme.<br /><br />The issue is that (generally) people don't view Pampered Chef as a pyramid scheme (and I also look forward to that post), and (almost universally) don't view Berkshire as a promoter or pump-n-dump operator. The implication is that if the observation of statements by the shareholder or CEO, Chariman, etc, about the business value of an MLM cannot positively identify a pyramid in the case of Pampered Chef, then it is false to assume that they can be used that way in connection with HLF.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-83715527996317235992013-07-26T02:20:21.474+10:002013-07-26T02:20:21.474+10:00John - not sure that we can read too much into the...John - not sure that we can read too much into the Google Trends data without some idea of the magnitude of searches: that is, UK searches have risen fivefold this year, yes, but probably from a low base.<br /><br />And I wonder how much of an increase in interest in the UK case comes from fellow investors in the West End following up the Ackman saga rather than potential Herbalife distributors in the East End?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-17339707323570367752013-07-25T18:58:45.101+10:002013-07-25T18:58:45.101+10:00I see what you did there. Although it's funny,...I see what you did there. Although it's funny, it's also cheating and a bit sloppy (shortcut-wise), but still good for a few laughs. <br /><br />Now, a complete side by side Herbalife and Pampered Chef comparison akin to what Ackman did, might reveal a different picture, less funny though.<br /><br />Cheers,<br />B-Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-7763512638674095562013-07-25T15:49:12.505+10:002013-07-25T15:49:12.505+10:00John - Very unprofessional of you to conveniently ...John - Very unprofessional of you to conveniently mischaracterize Berkshire's beliefs about Herbalife and the Pampered Chef.<br /><br />https://mobile.twitter.com/beckyquickcnbc/status/330708918793826304<br /><br />"Charlie Munger, asked if Pampered Chef is like Herbalife: THere's likely to be more flim flam in selling magic potions than pots & pans."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-50369593515367444552013-07-25T15:48:42.984+10:002013-07-25T15:48:42.984+10:00Looking forward to the Pampered Chef post.
Btw, ...Looking forward to the Pampered Chef post. <br /><br />Btw, is that book worth reading for investors?Johnhttps://www.blogger.com/profile/14682393043392310140noreply@blogger.com