Herbalife just announced that it will buy back $600 millions in shares. https://www.marketwatch.com/story/herbalifes-stock-rallies-after-600-million-self-tender-offer-announced-2018-04-18
... why?
I look at its 10-K https://www.sec.gov/Archives/edgar/data/1180262/000156459018002880/hlf-10k_20171231.htm#ITEM_6_SELECTED_FINANCIAL_DATA and they're not exactly blowing things out of the water.
Stagnant sales numbers and decreasing income. Combine that with $1.2B cash on hand vs. $2.2B debt.
Is this purely a cash grab for the owners from the windfall of the tax breaks?
Submitted April 19, 2018 at 03:10AM by golden_bear_2016 https://ift.tt/2HNas9O
