Check out this chart for Usana Health Sciences

Posted by Tracy Coenen on January 16, 2008 · 1 Comment 

Last week, Usana Health Sciences (NASDAQ: USNA) announced that the SEC dropped its informal investigation into the company. Immediately, there was a nice short squeeze. But since then, the stock has been on a downward trend.

My opinion on this? I think that Cheating in China is still a big issue. I’m not sure that the SEC is interested in this issue right now, but someone is. And frankly, Usana hasn’t answered questions about why their management employees in China are breaking the law and showing potential distributors how to break the law.

I think this issue is still a big problem, and that’s why the stock is languishing this week. So how does this get resolved? I think Bradford Richardson, Usana’s Executive VP of Asia Pacific is going to take the fall for the company. It looks like he’s sold off all his shares of Usana and with money in pocket, will leave quietly. Expect a big announcement before the next conference call, that way Gil and Dave can spend part of the conference call raving about how high their ethics are.

And my guess is that Richardson is going to be hired by Shaklee. But don’t ask me why I think that.

Chart below (click on it to see it full size).

usana011608.gif


Related Posts

  1. Usana’s Bradford Richardson unloads another $600k of stock
  2. Usana insiders unloading stock prior to the release of Barry Minkow’s report
  3. Usana: Sell now or forever hold your peace?
  4. Usana’s Bradford Richardson continues to dump shares
  5. Bradford Richardson, president of Shaklee International

Comments

One Response to “Check out this chart for Usana Health Sciences”
  1. Barbara says:
    11 February 2008 at 3:12 pm

    Tracy,

    I found this post really interesting today. The Motley Fool has it right: http://www.fool.com/investing/general/2008/02/07/wednesdays-worst-stocks-in-the-world.aspx

    Their discription of USANA is dead on. So if investors see what the company is why can’t the associates???

    I was disapointed to see the SEC informal investigation dropped but still have hopes in the FTC and All Berry’s work to getting this company exposed for the scam it really is. Would love to hear about what has happend with that lawsuit against Berry and if USANA has revealed any of the information they were supose to show.

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