+ Watch NATR
on My Watchlist
looking for a double
Magic Formula 11-29-12
Passes 3Rules screen.
Really like this short
A leader in natural healing products, I think it will do well as people become aware of the benefits and see this route as an alternative to expensive pharmaceuticals.
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I don't think investors are going to trust them any more. I found this at medicalnewstoday.com:Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of Utah, Central Division on behalf of all securities purchasers of Nature's Sunshine Products, Inc. (OTC: NATR) ("Nature's Sunshine" or the "Company") from October 19, 2004 through March 24, 2006...The Complaint charges Nature's Sunshine and certain of its officers and directors with violations of the Securities Exchange Act of 1934. More specifically, the Complaint alleges that Nature's Sunshine failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the Company incorrectly recorded foreign transactions in its financial statements; (2) that as a result of this, Nature's Sunshine materially overstated the Company's revenue and net income throughout the Class Period; (3) that the Company's financial statements were in violation of Generally Accepted Accounting Principles ("GAAP"); (4) that the Company lacked adequate internal controls; and (5) that as a consequence of the foregoing, the Company's financial results were materially overstated at all relevant times. If I can't be sure that their accounting is correct, it would be dumb to invest in their stock.
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