USANA Health Sciences is a 'science-based'
company that develops, manufactures, and markets nutritional,
personal care, and weight management products.
Established in 1992 to
create products that provide antioxidant protection and overall
cellular nutrition for the body ... The focus of the company is to
develop and market scientifically advanced nutritionals to help prevent
degenerative disease and promote optimal health.
|
My Pick:
Simply put...
This kind of credibility, this kind of patented breakthrough, this kind of high level, mission-driven business may be just what you've always wanted/needed!
Free Tour and Videos Here
|
|
Mission: "...
to develop and provide the highest quality,
science-based health products, distributed internationally through
network marketing, creating a rewarding financial opportunity for
associates, shareholders and employees." Owner: Microbiologist and
immunologist Dr. Myron Wentz --Usana web site
Compensation Plan: Binary with incentives
to buy multiple business centers
Download the
Usana comp plan here
Trading Symbol:
USNA
Usana Company
site
Usana News Clips
USANA Health Sciences Qtr1 Profit Declines - Quick Facts
4/28/2009 5:02 PM ET ... USANA Health Sciences
Inc. (USNA) reported net income for the 1st quarter of
$6.65 million or $0.43/share, compared to $7.29 million
or $0.44 per share in the year-ago 1st quarter ... Sales
for the quarter decreased to $77.45 million from $80.07
million in the prior-year quarter. ... Looking ahead for
fiscal 2009, the company projects consolidated net sales
to be between $390 million and $400 million. Earnings
per share for 2009 are estimated to be between $1.80 and
$1.85, compared with $1.85 for the full year of 2008.
Analysts currently expect earnings of $1.85 per share on
revenues of $431.88 million for fiscal 2009.
Man accuses Usana of operating as pyramid scheme
Las Vegas Sun - Las Vegas, NV, USA Apr 24, 2009
... Chirco alleges violations of Nevada's deceptive
trade practices act and accuses Usana of consumer fraud,
of failing to disclose all required facts about its
marketing program, of unjustly enriching itself at the
expense of distributors and of civil conspiracy ... As
of Jan. 3, the company said it had 198,000 active
associates who bought products; and 71,000 active
"preferred customers" worldwide who bought products for
personal use but did not re-sell products. Active was
defined as someone buying products within the past three
months. Of $429 million in net sales in fiscal year
2008, 88% was generated by associates and 12% by
preferred customers ... Be sure to also read Len
Clements comment on the article (found below the
article) for better perspective.
USANA Health Sciences, Inc. Investor Investigation
News4Press.com (Pressemitteilung) - Zug,Switzerland
3/24/09
An investigation on behalf of current investors in USANA
Health Sciences, Inc (Nasdaq: USNA) over possible
violations of Federal Securities Laws was ...
Judgement will Cost Usana $7,000,000 [story
removed]
Salt Lake Tribune - Salt Lake City, UT, USA
02/13/2009
Award »
Company fired high-dollar distributor, but lost in
arbitration ... Evan A. Schmutz, a Provo attorney who
represented the Kutscheras, declined comment, citing a
confidentiality agreement ... profits will sink about 40
cents a share in its 2008 fourth quarter after it takes
into account the arbitration ruling and an unfavorable
tax audit ... "We chase these violations aggressively,"
said Jeff Yates, chief financial officer ... [the Judge]
ruled that the Kutscheras were not building a competing
business and that Usana did not suffer any damage as a
result of their actions.
Morningstar Stock Analyst comments [story
removed]
12-12-08 Erin Swanson,
CFA
... there's also the headline risk attached to
[MLM] firms. For instance, Usana Health Sciences, which
is a seller of science-based nutritional and
personal-care products, has not only been embroiled in
controversies surrounding the validity of scientific
claims related to some of its product lines, but it also
has had to deal with accusations that several members of
the firm's board of directors and executive management
team have either lied about or misrepresented their
qualifications.
USANA Health Sciences 3rd Qtr Earnings Down, Miss
Estimates; Guides 4th Qtr ...
RTT News - Williamsville, NY, USA
USANA Health Sciences (USNA: News ), reported a drop in
earnings for the 3rd quarter hurt by higher operating
expenses during ...
Court dismisses class action suit against USANA Health
...
RTT News - Williamsville, NY, USA 10/2/2008
USANA Health Sciences Inc. (USNA: News ) announced that
a California State court has dismissed the distributor
class action suit, Johnson v. ... Plaintiffs agreed to
request that the court dismiss the case with prejudice
and determined there was no longer any merit to
maintaining a class action lawsuit.
USANA to enter Philippines
Inquirer.net - Philippines
8/30/2008
By Ronnel Domingo MANILA, Philippines—Nasdaq-listed
food supplement firm Usana it plans to begin operating
in the Philippines, ... would make the country its
fourteenth market worldwide.
Multilevel marketer settles lawsuit
Deseret News - Salt Lake City, UT, USA July 28,
2008
By Paul Foy AP [Usana] ... settled a dispute with
a critic who agreed to stop disparaging nutritional
supplement maker USANA ... "We're going to a full-court
press on Herbalife. Forget USANA. We're going to put
[ALL] of our efforts into
Herbalife,"
said Minkow ...
Myron Wentz quits as CEO; son to take reins
[linked page removed]
Salt Lake Tribune - Salt Lake City UT
07/23/2008
By Tom Harvey ... Just 1 week after leading a failed
bid to take Usana private, Myron Wentz has stepped down
as CEO ...
Group Closer
to taking Usana private [linked page removed]
Salt Lake Tribune - United States 7/8/2008
The group trying to take Usana private said Tuesday it
had secured [$200 million] financing to buy out minority shareholders
... special
committee of the board of directors ... said that the
price is too low and recommended it be rejected ...
Gull Holdings raises bid to $28 for Usana
[linked page removed]
Forbes - NY, USA Associated Press
06.30.08
... Investment company Gull Holdings Inc. on Monday
raised its offer for Usana ...
by $2.00
to $28.00 per share. ...
Industry Analyst Len Clements Blasts Minkow
June 24th, 2008
No one does a better job of defending the industry than
Len Clements. Read his latest alert that deals
with the unprecedented attacks on Usana,
Herbalife,
PPL in an apparent effort to drive down stock
values.
Usana board urges shareholders to reject CEO offer
Reuters - USA Fri Jun 20, 2008
June 20 (Reuters) - Usana Health Sciences said its board
urged the company's shareholders to reject the offer
made by Wentz as "inadequate"...
USANA mulls offer- Going Private - [linked page
removed]
Salt Lake Tribune - United States
6/02/2008
Posted: 10:41 AM- A Salt Lake City, NE, company offered
to buy outstanding shares of USANA Health Sciences Inc.
not already owned by a group controlled by CEO/founder
Myron Wentz ...
Buyout or Sellout?
Motley Fool - USA, May 15,
2008, By Rich
Duprey
...Tell me if you have heard this one before: A troubled
company's founder makes a bid to take the company
private, temporarily inflating its share price, but
ultimately never follows through ... then does the same
thing again in the future, once more temporarily
boosting his stock's worth....
USANA ordered to pay SLAPP violation
LocalNews8.com - Idaho Falls, ID, USA
AP - May 7, 2008 SALT LAKE CITY (AP) - Vitamin maker
USANA Health Sciences must pay a critic of the
multilevel marketing industry ...
USANA owes $142,510 in
attorney fees to ... Minkow and his Fraud Discovery
Institute [FDI] ... Minkow served eight years in prison
for stock fraud ...
USANA Receives Certification Through NSF’s Certified for
Sport Program
Business Wire (press release) - San Francisco, CA, USA
USANA Health Sciences, Inc. (NASDAQ: USNA) recently
received certification of six products through NSF
International’s Certified for
Sport™ program .... helps
athletes make educated decisions about the safety of the
dietary supplements they choose to take.
Usana Shares Plunge on Guidance Cut [linked
page removed]
March 28, 2008
NEW YORK (Associated Press) - Shares of Usana Health
Sciences Inc. are plummeting ... lowest point in nearly
five years. Shares fell 20.8 percent ... cited
disappointing results from promotional activities and a
weak economy as the key factors ... "hard to be
confident that conditions for such an emotionally
charged business will not get worse before getting
better," said Goldman Sachs analyst ...
Wednesday's Worst Stocks in the World The
Motley Fool February 7, 2008 "We begin with
USANA ... Though it's no longer involved in an unseemly
informal SEC inquiry, the company reported a 5%
sequential decline in the number of associates selling
its nutrition supplements in the U.S. Here's why it
matters ... more than 38% of USANA's revenue
derives from the U.S., which reported a year-over-year
decline. So did Singapore and ...
Hard To Swallow Forbes - NY, USA 08/08/07,
11:25 AM ET In February, Usana Health Sciences
seemed untouchable ... sources told Forbes.com that the
FBI had launched a criminal investigation ... Usana
claims Minkow improperly shorted its shares ...
alleges naked short sales, creating phantom shares that
put enormous pressure on the real stock price ... stock
has plunged 41.2% since its March high.
USANA Comments on August 8, 2007 Forbes.com Article
SALT LAKE CITY--(BUSINESS WIRE)--USANA Health Sciences
Inc. (NASDAQ:USNA) ... "The August 8th Forbes.com
article entitled 'Hard to Swallow' contains significant
errors and allegations about USANA that need to be
clarified.
Vitamin marketer sued by distributors The Associated Press June 21, 2007, 4:38PM EST
SALT LAKE CITY ... Independent distributors filed
lawsuit Thursday accusing USANA Health Sciences of fraud
and deception, the latest public-relations blow for the
marketer of vitamins and nutritional supplements
... Crane said he couldn't sell the vitamin and mineral
formulations at USANA's prices, couldn't consume the
monthly supplies himself and was forced to give away
samples ... total investment was $3,500, and after
refunds he said he was out $500.
As stocks plunge, Usana sues Minkow over report Salt Lake City
Deseret News (UT) 3/17/07 3:10 AM. resident, who has claimed
that the Salt Lake-based multi-level marketing company is little
more than an over-priced pyramid scheme. In a complaint filed
Thursday in ...
Reliable
Results Smart Money Magazine 8/19/05 11:56 AM
USANA HEALTH SCIENCES (USNA)
is on a tear. Shares of the marketer of a nutritional plan called
the "5-Day High Fiber Cleanse" had soared 30-fold over
three years... Thursday's Close $47.91 Market Value $907 million
Trailing 12-Month Sales $302 million 2005 P/E ...
| 
