"I stand corrected on Herbalife (HLF - Cramer's Take - Stockpickr - Rating)," Jim Cramer told viewers of his "Mad Money" TV show Tuesday. "It is a buy."
Cramer said he had been negative on the stock because he assumed it was just another nutrition-supplement player and multilevel marketer, no better than Usana Health Sciences (USNA - Cramer's Take - Stockpickr - Rating). "But I was wrong," he said.
Herbalife Ltd. has opened a 5,800 square foot sales and distribution center in Phoenix, Ariz. that is capable of handling more than 500 orders daily, the company said Thursday.It is the fourth Herbalife center in the U.S., the others are located in Dallas, Memphis and Carson. The Memphis and Carson locations are also distribution hubs.
Herbalife opens sales and distribution center in Phoenix - Los Angeles Business from bizjournals:
Herbalife Ltd. (NYSE:HLF), a global nutrition direct-selling company, announced a three year sponsorship deal with the Finnish Ice Hockey Association (FIHA), designating Herbalife as the official nutrition partner of the league. It is the first major sponsorship agreement of its kind for Herbalife in Finland.
The agreement covers the national team as well as the women's and junior teams, and provides opportunities for branding, hospitality, PR, sampling and the senior and junior teams all currently rank in the top five national ice hockey teams worldwide. As part of the deal, Herbalife will be providing product and nutritional training to each of the players from all three teams.
Herbalife Ltd. (NYSE: HLF) announced the appointment of Jean Marie Cacciatore as vice president of human resources for the company’s South America and Southeast Asia (SAM/SEA) region. She will be based in the company’s offices in Torrance, Calif., and report to Rob Levy, the region’s senior vice president and managing director.
Cacciatore will be responsible for human resource programs for the region’s employees who are based in 16 locations, including the U.S. Additionally, Cacciatore will be responsible for real estate planning for the region.
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Herbalife Ltd. has appointed Young Hee Chung as the new general manager of Korea, the company said Tuesday.
Chung is the first female to serve in this capacity in Korea and has worked with Herbalife since it first began doing business in Korea in 1996. She has been senior manager of distributor relations and sales, and senior manager for sales and marketing since 2000. She holds a B.A. degree from the University of Minnesota and completed classes in a master's program at the City University of New York's Baruch Graduate School of Business.
Herbalife appoints general manager for Korea - Los Angeles Business from bizjournals:
Herbalife Ltd. said Wednesday that it would move its U.S. headquarters to downtown Los Angeles from Century City in 2008, giving a boost to downtown and the L.A. Live project.
The maker of nutritional supplements and weight management products will be one of the anchor tenants in an office building at L.A. Live, the $2.5-billion sports, entertainment and residential complex being constructed next to Staples Center.
Days before they begin serving prison terms for tax evasion, Thomas and Leslie Mower have sold Neways International to the San Francisco-based owner of Herbalife.
MLM company Herbalife Ltd., a global nutrition direct selling company, announced the addition of six doctors to its Nutrition Advisory Board (NAB).The appointments of Drs. Julián Álvarez García (Spain), Laszlo Halmy (Hungary), Patricio Kenny (Argentina), Nikolaos Sitaras (Greece), Pierre Zelissen (Netherlands) and Jean de la Tullaye (France) reflect the company’s commitment to supporting its independent distributors more closely at both a regional and local level.
MLM News: MLM Company Herbalife Expands Nutrition Advisory Board
The Herbalife Family Foundation (HFF) has established two new Casa Herbalife programs at Ministerios de Amor, A.C. in Mexico and Acres of Love in South Africa, supporting children in need through good nutrition.
In 2005, HFF introduced Casa Herbalife, a program to help provide healthy and nutritious meals by partnering with existing charities serving children. This program for children-at-risk is named after Casa Herbalife, an orphanage the HFF built in Brazil in 1998 and continues to support today.
A year and a half ago, Herbalife's (HLF) return to the stock market brought a surge of investor interest, driving an increase of more than 150% on the IPO price. Now another giant of the nutritional supplement industry will be looking for the same buzz.
Investor's Business Daily: Fortified With Vitamins, Minerals — And Profits
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What he felt were the effects of a new type of energy drink available through the Herbalife Corporation, called Liftoff, which comes in tablet form, like alka-seltzer with a kung-fu kick.
Brian Bower, independent distributor for Herbalife products, said the tablet is ideal for just about anyone looking to improve their health and lifestyle. “I’m selling nutrition to people,” he said.The tablets, as well as many of the other Herbalife products, were developed by a team of scientists in Los Angeles.
On the back of the orange package the first three ingredients listed are citric acid, natural orange flavor and corn syrup solids.
Although the ingredients in Liftoff have not been approved by the Food and Drug Administration, Bowers said taurine, ginseng, caffeine, ginkgo biloba and guarana are what gives you the energy and focus.
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Herbalife Ltd. continues its presence on the sporting field with the sponsorship of The Los Angeles Riptide, southern California's newest professional sports franchise in the Major League Lacrosse (MLL) league. The agreement is in alignment with the company's sponsorship strategy to associate with health and fitness and sports-related activities, giving its independent distributors face-to-face time with consumers.
The L.A. Riptide, owned and operated by AEG, starts its six-game home season June 3rd at The Home Depot Center in Carson, Calif. The Riptide is one of four expansion teams, in addition to teams from Chicago, Denver and San Francisco that will compete in the six-year old league's newly-created Western Division. They join the original six teams that now make up the Eastern Division from Baltimore, Boston, Long Island, New Jersey, Philadelphia and Rochester.
Each team in MLL plays a 12-game season from May through August.In 2006, Herbalife is sponsoring over 35 sporting events including triathlons, major league soccer, beach volleyball, tennis and dragon boat races.
Herbalife independent distributors sample products including Liftoff(TM), its new patented energy drink, NouriFusion vitamin-based skin care products and Formula 1 protein drink.
In August 2005, Herbalife signed a multi-year, multi-tiered sponsorship agreement that names Herbalife a "Founding Partner" of AEG-owned and operated Home Depot Center and designates Herbalife as the Official Nutrition Company / Sponsor of several additional AEG-owned and operated teams, events and initiatives including the Los Angeles Galaxy (major league soccer franchise), Amgen Tour of California and ING Bay to Breakers, among others.
Jean and Kevin Culver, Depoe Bay residents and local Herbalife independent distributors, recently attended the company's 2006 Worldwide Cup vacation at the Hilton Hawaiian Village in Honolulu, Hawaii.
The Culvers were eligible for the vacation package after qualifying for various awards. The package included hotel accommodations and an American Express gift card for airfare.
The Worldwide Cup vacation included a reception where independent distributors, such as the Culvers, were able to meet with their peers and discuss the latest Herbalife news and trends, as well as new business tactics and strategies.
In addition, Herbalife planned an evening luau, a ranch retreat that included horseback riding, volleyball and snorkeling and several other exciting events.
The Culvers are active independent Herbalife distributors and continue to offer the Depoe Bay community weight management advice, nutritional supplements and personal care products.
"We are already planning our next set of goals to ensure we make it to the next Worldwide Cup vacation," Kevin Culver said. "We don't want to miss it!"
Lincoln City, Oregon - The News Guard Visitor and Relocation Information
Herbalife Ltd. Chief Financial Officer Rich Goudis will participate in the Morgan Stanley 2006 Small Cap Executive Conference on Friday, June 16, 2006 at the Crown Plaza Times Square Manhattan in New York City.
Morgan Stanley has scheduled a live webcast of the presentation beginning at approximately 8:00 a.m. ET. The webcast can be accessed on the investor relations section of the company's Web site at www.herbalife.com, and will be maintained there for two weeks.
Herbalife Ltd. to Participate in Morgan Stanley Small Cap Executive Conference
Herbalife Ltd. (NYSE:HLF) solidifies its presence on the global sporting landscape with a two-year sponsorship deal as exclusive nutritional supplement of "Circuito de Carreras Emocion Deportiva" presented by HSBC. The agreement marks the company's first sports sponsorship in Mexico."Circuito de Carreras Emocion Deportiva," Mexico's leading running circuit, is comprised of eleven races, including the world-renowned International Mexico City Marathon. The races take place June through December in Mexico City, Guadalajara, Monterrey, Cancun and Morelos, and are expected to attract approximately 45,000 runners and 500,000 spectators in all.This sponsorship will allow the company to reinforce its position as a leader in nutrition and wellness in Mexico, providing its independent distributors with an opportunity to promote its brand and products during the eleven circuit races.In Mexico, Herbalife independent distributors sample products at the events including Herbalife No. 1, a nutritional shake, N-R-G Tea and Herbal Concentrate Tea.In 2006, Herbalife is sponsoring over 35 sporting events including triathlons, major league soccer, beach volleyball, tennis and dragon boat races.In August 2005, Herbalife signed a multi-year, multi-tiered sponsorship agreement that names Herbalife a "Founding Partner" of AEG-owned and operated Home Depot Center and designates Herbalife as the Official Nutrition Company / Sponsor of several additional AEG-owned and operated teams, events and initiatives including the Los Angeles Galaxy (major league soccer franchise) and Amgen Tour of California.About Herbalife
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