Jim Cramer host of the CNBC show, Mad Money, once again welcomed Michael Johnson, Chairman and CEO of Herbalife (HLF) to the show Tuesday night, February 26th. This was Johnson’s second appearance in only six months. With Herbalife’s solid growth over the last year Cramer was interested in discussing with him how the economy has or has not affected the company. Sales in North America alone are up almost 20 percent while sales throughout the rest of the world, are even stronger with a 50% rise in sales in South America and a staggering 145% in China. This story coincides with our recent review of publicly traded network marketing stocks where Herbalife was one of the few positive standouts in the sector.
Johnson attributes the company’s success to the high standard of quality and care that go into the making of each product, as well as a motivated distribution sales force. Johnson wanted to stress the fact that Herbalife has done well in most economic situations, and he feels that the big guns on Wall Street might want to re-evaluate their opinion on the direct sales industry. Cramer ended the segment with a big compliment, praising Herbalife, and saying, “Johnson Is Money”.
Popularity: 10% [?]
