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$30.41 0.15 (0.50%)
12/4/2008 3:59 PM

USANA Health Sciences, Inc. (USNA)

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The Company develops and manufactures high-quality, science-based nutritional and personal care products, with a commitment to continuous product innovation and sound scientific research.

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Avatar grafdapig1 (< 20) Submitted: 9/14/07 12:02 AM : Outperform Start Price: $39.40 USNA Score: 19.53

This stock has been beaten down by a negative report that was totally unfounded. The author profited from some put options he had on the stock. It is well off of it's 52-week high and with 20 consecutive quarters of increasing profit, it is still trading a P/E ratio of 16.86.

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Avatar 1poorguy (97.84) Submitted: 9/28/07 2:18 AM

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It is true the author profited. However, their accounting firm has quit them, they are losing board members due to fraudulent credentials, and their structure is very much like a pyramid scheme. There are now reports that the FBI is investigating, though Usana denies this.

Investigations by themselves don't mean much. They could be found innocent of any suspicions. But when your board members are frauds, your founder renounces his citizenship to live in a tax haven, and your accounting firm quits you, then something is wrong.

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