USANA Health Sciences [Part 1]: An Almost Perfect Business Environment

This is part one of a multi-part series on USANA Health Sciences, Inc. (NYSE:USNA).

USANA Health Sciences, Inc. (NYSE:USNA) is a consumer good company. The company manufactures, distributes and sells personal care products worldwide. Specifically, USANA is active in the nutritional product space. The company sells such items as multi-vitamins and meal-replacement shakes.

Before beginning my career in finance, I worked for a brief period as a personal trainer, which gave me some insight as to how the market for these products, especially nutritional products and meal replacement shakes works. Key ingredients for these products are usually standard across all brands and in most cases, these key ingredients, such as...