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USANA Health Sciences
 

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.

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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!
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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 Internationals 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.

Editor Recomendation...
The Marketer's Manifesto

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 ...

 




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