Herbalife (HLF) Bets $250M On Its Own Battered Stock

Herbalife Ltd. revealed on September 8 that its board had authorized a $250 million share repurchase program to be executed over the subsequent three years. The company’s chief financial officer characterized the initiative as demonstrating management’s confidence in the business and its ability to simultaneously invest in operations while distributing capital to shareholders.
The company’s second quarter results, released August 5, showed net sales of $1.3 billion, representi