USANA Stock Report
Alex Shadunsky submits: USANA (USNA) is a health and beauty company. It produces, researches, and sells health and beauty products mostly through a Multi-Level Marketing operation (direct selling). Its growth has been phenomenal and it has been publicly traded since 1992.
Its stock has appreciated from $.60 a share in 2002 to a high of over $60 a share just within the past few months. In the past few months all sorts of negative news have come out, the biggest being that ex-convict Barry Minkow has published a 500 page negative report on USANA basically saying it's a fraud, and the SEC has opened up an investigation into USANA. There were also new class action lawsuits announced late last month.
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