$80 million revenue is meaningless if you don’t have positive free cash flow. $200m, $40m it doesn’t really matter. The company had been bleeding cash (the quarters they have been positive look manipulated through inventory etc to me).
I think Mr Market is pricing in a reasonably high probability management can’t consistently hit positive free cash flow and higher interest rates spell the death of HLF.
HLF Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
