tim ramey – Fraud Files Forensic Accounting Blog

Usana insider says Tim Ramey is a distributor

14 August 201128 August 2007 by Tracy Coenen

Can an analyst covering Usana Health Sciences really provide an independent analysis of the company if he is a distributor? Tim Ramey covers Usana for DA Davidson. Isn’t it kind of weird to cover the company and to be a distributor? And at the very least, wouldn’t this be an important disclosure to make before recommending a “buy” on Usana stock?

From the insider on the Yahoo message board:

Integrity at Usana? Yeah, right.

14 August 201128 August 2007 by Tracy Coenen

Okay, this commentary is just silly. Integrity at Usana Health Sciences is non-existent. At the very least, the executives and board members lie about their credentials. Then we have the information that is never provided to distributors/recruits and investing community. At the worst, this rises to the level of fraud in a public company.

Here are an analyst’s comments:

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