March 28, 2024
Bear of the Day: Herbalife (HLF)
Unraveling the Tale of Herbalife (HLF) A Deep Dive into Herbalife Zacks Rank #5 (Strong Sell) stock Herbalife (HLF) is a global multi-level marketing (MLM) company. Founded in 1980 by Mark Hughes, Herbalife specializes in nutritional supplements, weight management, sports nutrition, and personal care products. The company operates in over 90 countries via independent distributors who sell products directly to consumers. The Weight of Pyramid Scheme Allegations Billionaire investors Carl Icahn and Bill Ackman famously clashed over HLF, with Ackman’s pyramid scheme accusations significantly impacting the stock. Herbalife’s business model, reliant on distributors, has faced criticism for resembling a pyramid