Domino’s and Herbalife Biggest Stock Price Percentage Decliners May 1st
Herbalife Ltd. (NYSE:HLF): During the Q1 earnings conference call held today by Herbalife (NYSE:HLF), a nutrition company that sells weight-management, nutrition, and personal care products, noted short-seller David Einhorn of Greenlight Capital asked the company about changes made to some of its 10-K disclosures related to the tracking of certain groups of distributors. In response, an Herbalife executive said the reason it took the information out of the filings was related to a change in CFO, noting it did not view the information as valuable information to the business or to investors. The company said its “objective is to be completely transparent.” Einhorn also questioned the company over the breakdown of its sales outside of its network base compared to its sales within the distributor base. Shares of Herbalife, which had been down about 3% following the company’s earnings report, fell sharply during the call. In afternoon trading, the stock is down $10.62, or 15.10%, to $59.70. The shares closed at $56.30, down $14.02, or 19.94%. They have traded in a 52-week range of $47.50 to $73.00.
Servicesource International Inc (NASDAQ:SREV): ServiceSource sees FY12 EPS 5-7c versus consensus 6c Sees revenue $246M-$249M, consensus $246.05M. The shares closed at $13.75, down $2.83, or 17.07%. They have traded in a 52-week range of $11.80 to $23.60.
Nu Skin Enterprises, Inc. (NYSE:NUS): Nu Skin (NYSE:NUS) May 45 and 50 puts are active on total put volume of 4K contracts (3K calls). May put option implied volatility is at 63, June puts are at 55; above its 26-week average of 34 according to Track Data. Active option volume suggests traders taking positions after David Einhorn questioned Herbalife (NYSE:HLF) management. The shares closed at $48.89, down $4.41, or 8.27%. They have traded in a 52-week range of $32.40 to $62.02.
Forest Oil Corporation (NYSE:FST): Q1 oil and liquids production accounted for 32% of the net sales volumes. This is the highest percentage of liquids production for Forest since early 2007. First Quarter oil volumes were up 47% year-over-year to approximately 8400-barrels per day and NGLs were up 7% year-over-year to approximately 9500-barrels a day. In total, Forest Oil achieved oil and liquids production growth of 24% compared to the 1Q11 and all of this growth was accomplished organically. Comment made on Q1 earnings call. The shares closed at $11.88, down $1.44, or 10.81%. They have traded in a 52-week range of $8.88 to $34.39.
Domino’s Pizza, Inc. (NYSE:DPZ): Says has fixed pricing on approximately 35%-40% of expected purchases in 2012. Comments made on the Q1 earnings conference call. The shares closed at $34.31, down $3.5, or 9.26%. They have traded in a 52-week range of $18.43 to $42.21.
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