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Notable News from the Herbalife Conference Call (HLF)

The Herbalife (NYSE: HLF) conference call just concluded. Here are some of the more notable pieces of news to come from the call.

Special interest groups have been deceived on how Herbalife really works.

“For the third time this year we are raising EPS guidance.”

“Focused on activity and engagement; not necessarily numbers.”

New users to be called, “members” instead of “distributors.” “Knowing that most of our participants are discount buyers, we have decided to change the terminology we use for participants in our network.”

“Over the past seven months, there’s been a whole lot of misinformation spread about Herbalife. As a result, we believe that Herbalife has become one of the most researched” of the companies covered on Wall Street.

The company said, just like last quarter, its Q2 10-Q filing was made without required U.S. certifications, but that the 10-Q is complete in all respects otherwise. The 10-Q will be amended with the required certifications when a review has been completed by PWC as part of their re- audits of the prior three years, the company said. The company stated, “With PWC on board, we are confident in having re-audited statements” by year end at the latest. (source: theflyonthewall) This was obviously in response to Bill Ackman’s earlier statements questioning why the 10-Q had not been audited.

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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