Herbalife Admits To Ongoing SEC & DOJ Investigation Regarding Its Largest Market: China

Article by Quoth The Raven Research,  @QTRResearch

Herbalife has just admitted in a disclosure filed hours ago that it is still being investigated by the Securities and Exchange Commission and the Department of Justice. Even worse for Herbalife is the fact that the investigation seems to have narrowed in on the company’s largest and fastest growing market: China. These are two ongoing investigations that only QTR exclusively warned were not over back in February of 2016, despite professional sell side cheerleader (and self-admitted Herbalife distributor) Tim Ramey claimed the SEC investigation ended in mid-2015. The Chinese market is by far almost singlehandedly keeping the company growing at this point and Herbalife needs China to perform...