Herbalife just came off of a record first quarter in 2012.
I'm not sure whether or not you follow the stock market or not...and specifically stock in our profession, but I do. One of the reasons I subscribe to Direct Selling News is that they publish all of the publicly traded network marketing/direct selling stocks in each edition.
While I realize that there are other ways to find out what stocks are hot and which ones are not in the network marketing space, it's kind of a nice place to get industry news and monthly updates on how stocks are performing in our arena.
Today was a rather interesting day for Herbalife. David Einhorn, who is a well-known short-seller asked questions on Herbalife's quarterly conference call to investors. While he raised no questions or concerns, their stock today closed at $56.30, down $14.02, which equates to a 19+% drop.
Here's what Market Watch had to say about the drop.
Investors Business Daily had something to say about this, as well as every other news sources out there.
I don't give stock advice because I'm not qualified or registered to do so. However, I do feel that my job as a trainer is to keep you informed of what is happening in our profession.
Interesting to see how one guy's thoughts or opinions can affect a company with such solid fundamentals...
Todd Falcone speaks and trains on the subject of network marketing success and helps people move to a position of achieving Network Marketing Mastery®. He also consults network marketing company owners as well as coaches and trains top-level distributors throughout the profession. Todd is a husband to his wife Carla, and a father to his two boys Gianni and Joey. He’s a surfer, a skier, a golfer, and loves to fish and play in the outdoors. Start accelerating your network marketing business today, download Todd's latest CHEAT SHEET on this page.