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I posted this message on Yahoo! Finance after I saw a rash of USANA bashing and phrases like "pyramid scheme" and "scam" being thrown around in a cavalier fashion:
"USANA is not a scam or pyramid scheme. Consider doing your research before issueing a blanket condemnation of this great company.
Unlike pyramid schemes which rely on collecting membership revenues from new "members," USANA sells real, tangible quality health products. Corporate revenues are derrived from sales of the products, NOT enrollment of new sales associates.
USANA utilizes an award winning network marketing compensation plan for its sales associates which should not be confused with a scam. For those who label USANA as such MISREAD the compensation plan. Network marketing is a legitimate alternative to traditional advertising and is sanctioned and closely monitored by the SEC. I recently listened to an NPR special on advirtising which concluded that most money spent on advertising fails. USANA recognizes this and uses the money which they would normally spend on advirtising their products and uses the money to compensate their sales associates.
But that's OK, go ahead and talk trash and drive the stock price down. Doing this gives me more buying opportunities. For those interested in uncovering what USANA is really about, visit their webpage and don't listen to the haters on yahoo finance."
That being said, does anyone have any comments on the conferance call today?
Thanks-
Diefendb
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