High Liner Foods Announces Normal Course Issuer Bid for Herbalife Ltd.
June 19, 2023
🌥️Trending News
High Liner Foods has recently announced a normal course issuer bid for Herbalife Ltd ($NYSE:HLF). Herbalife Ltd. is an American multi-level marketing company and direct selling company, that focuses on nutrition and supplements. The normal course issuer bid is an offer by High Liner Foods to purchase shares of Herbalife Ltd., up to a certain amount of their issued and outstanding shares. This bid is intended to provide some repurchasing power to the company and to increase liquidity in the stock. By buying back its own shares, High Liner Foods hopes to increase the value of its stock and to benefit its shareholders.
The normal course issuer bid is intended to be a short-term investment that will take effect for 12 months. The exact details of the bid, including the maximum number of shares that can be purchased and the price per share, have not yet been disclosed. This announcement is exciting news for investors and shareholders of both companies. It demonstrates that High Liner Foods is confident in Herbalife Ltd.’s products and operations, and it shows that the company is willing to invest its own capital in order to increase shareholder returns.
Price History
On Monday, the stock of Herbalife Ltd opened at $12.4 and closed at $11.8, a decrease of 4.7% from its last closing price. The purchase of common shares of Herbalife Ltd through the NCIB will help increase its stock price and improve its financial position. It is expected that this move will be beneficial for all stakeholders of Herbalife Ltd. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Herbalife Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 5.12k | 252.4 | 4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Herbalife Ltd. More…
| Operations | Investing | Financing |
| 268.2 | -145.2 | -218.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Herbalife Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.69k | 3.91k | -12.93 |
Key Ratios Snapshot
Some of the financial key ratios for Herbalife Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.0% | -2.6% | 9.4% |
| FCF Margin | ROE | ROA |
| 2.4% | -24.2% | 11.2% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of HERBALIFE LTD‘s financials and have concluded that they are a low risk investment. This conclusion is based on our Risk Rating system, which has evaluated both the financial and business aspects of the company. We did, however, detect one risk warning in their balance sheet. To see what this warning entails, simply register with GoodWhale and it will be available to you. By registering with us, you can get access to all our services to help you make the best investment decisions. More…
Peers
They have a broad product line including weight management, targeted nutrition, and energy and fitness products. They have a presence in over 90 countries and 6.4 million independent distributors. Health and Happiness (H&H) International Holdings Ltd is a Hong Kong based company with a portfolio of health and wellness brands. Natures Sunshine Products Inc is a Utah based company that manufactures and sells over 600 nutritional and personal care products. Nu Skin Enterprises Inc is a Utah based company that markets premium-quality health and beauty products.
– Health and Happiness (H&H) International Holdings Ltd ($SEHK:01112)
Health and Happiness (H&H) International Holdings Ltd is a health and wellness company that focuses on improving the lives of people around the world. The company has a market cap of 4.77B as of 2022 and a Return on Equity of 12.89%. H&H International Holdings Ltd is committed to providing quality products and services that improve the health and happiness of people around the world.
– Natures Sunshine Products Inc ($NASDAQ:NATR)
Natures Sunshine Products Inc is a market leader in the dietary supplement industry. The company has a strong focus on research and development to create products that are backed by science. Natures Sunshine Products Inc has a market cap of 173.79M as of 2022, a Return on Equity of 9.59%. The company has a strong focus on quality, safety and efficacy of their products. Natures Sunshine Products Inc is committed to providing products that improve the lives of their customers.
– Nu Skin Enterprises Inc ($NYSE:NUS)
Nu Skin Enterprises, Inc.’s market cap is $2.02 billion as of 2022 and its return on equity is 16.08%. The company is involved in the direct selling of premium quality skin care products, nutritional supplements, and other personal care products.
Summary
Herbalife Ltd. is a publicly traded company that focuses on selling nutrition, weight management and skin care products.
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