Herbalife Responds to Stock Drop Today
LOS ANGELES--(BUSINESS WIRE)--
Herbalife Ltd. (NYSE: HLF): Today, on Herbalife's earnings call the
company announced record results -- its best quarter financial results
in 32 years.
The fact that recognized short seller David Einhorn asked questions on
the call put pressure on Herbalife's stock price.
To be clear: Mr. Einhorn's questions raised no new subjects or concerns.
They were elementary questions usually asked by investors new to our
industry. These are issues that have been thoroughly addressed before.
Analysts and investors can review the specific answers to his questions
on our website later today at www.herbalife.com.
Our business fundamentals are very strong and we are confident in our
financials, our disclosures, and our network marketing business method.
We believe the drop in Herbalife's stock price today is a buying
opportunity given the strong business fundamentals and our outlook for
ongoing success. We currently have $428 million in repurchase
authorization.
About Herbalife Ltd.
Herbalife
Ltd. (NYSE:HLF) is a global nutrition company that sells
weight-management, nutrition, and personal care products intended to
support a healthy lifestyle. Herbalife products are sold in 81 countries
through a network of independent distributors. The company supports the Herbalife
Family Foundation and its Casa Herbalife program to help bring good
nutrition to children. Herbalife's website contains information about
Herbalife, including financial and other information for investors at http://ir.Herbalife.com.
The company encourages investors to visit its website from time to time,
as information is updated and new information is posted.
Herbalife Ltd.
Media Contact:
Barbara
Henderson
SVP, Worldwide Corp. Comm.
213-745-0517
or
Investor
Contact:
Amy Greene
VP, Investor Relations
213-745-0474
Source: Herbalife Ltd.
News Provided by Acquire Media
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