Sector Analysis: Direct Selling: Stocks Are Sharply Outperforming Broader Averages This Year
Investment Summary Our proprietary Lane Research Direct Selling index outpaced the S&P 500 by a factor of 4x through the first 3 quarters of...
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Direct Selling Sector Analysis: Currency Exchange Moves to Headwind in 3Q
After 4 quarters of largely favorable currency comparisons for the Direct Selling companies we follow, Avon Products (AVP US), Herbalife Ltd (HLF...
435 Views
UNVR IJ: Stiff Competition to Reduce Unilever Indo's Lofty Valuation Premium
Unilever Indonesia (UNVR IJ) has long been dubbed as the proxy for the rising middle-class domestic consumption story in Indonesia and enjoyed a...
568 Views
Herbalife China: RMB Appreciation Tailwind for All MNCs; Fundamental Slowdown Irreversible
China is about ~20% of HLF global sales. We have been stunned by the incredible disconnect between the stock’s incredible overperformance (~50%...
150 Views
Herbalife China: Q1 VP Down ~25% YoY, New Cash Bonus Policy to Retain Distributors
According to our surveys of Herbalife Ltd (HLF US) China distributors, we estimate that volume points declined by ~25% and ~10% year-over-year in...
164 Views