Litigation

Usana insider sales occur (curiously) between the big numbers back then, and the little numbers (the real ones) now

By Tracy Coenen

From February 6, 2008 Usana Health Sciences Inc. (NASDAQ:USNA) conference call, comments by CFO (who lied about being a CPA) Gil Fuller:

Now before I turn the time over to Dave, I’ll comment on our guidance. Yesterday in our press release we provided first quarter and full year guidance of 2008. Based on the current business trends, we believe that net sales for the first quarter of 2008 will be between $105 million and $109 million with earnings per share expected to be between $0.63 and $0.66 per share. For the full year 2008, the company is adjusting both its net sales and earnings per share guidance to 7% to 10% growth compared with the full year of 2007.

Closing price of stock on February 6, 2008, per Yahoo: $38.41.

Insider sales of Usana stock between then and now: (more…)

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Full post as published by The FRAUDfiles Blog on March 27, 2008 (boomark / email).