HLFBarry is a pretty stand up guy. If you take a look at his previous top picks, including HLF, from his BNN segments, he still has all of them. EMP.a, KPT, SAP, MG, CGX, the banks... all of them have had their ups and downs and Barry still has them all.
Its not Schwartzie's fault the management laid a steamer of a quarter. its his "fault" he has the stock for his clients, but as far as shareprice goes, thats out of his hands. if he sees "value" he holds, if he doesn't he sells. judging by his twitter account and a question he replied to after market close, he is still holding. and just as an aside, Barry, as far as Canadian money managers goes, is one of the more interactive ones on twitter. he shares lots of interesting insights.
regarding HLF: looks like earnings growth is pushed out ahead another quarter and, if management is to be believed, should/could ramp up as we continue to move into 2016. seeing is believing though, now, with these guys.
previous to today's turd, eps expectations for 2015 were $1.24 and $1.65 for 2016. obviously those are going to get knocked down. however, even if you chop 20% and 27% from 2015 and 2016 eps estimates you still get a p/e well in single digits, in a sector where a ton of m&a is happening at over 20x multiples.
I can post the cibc and scotia eps numbers when they come out in the next day or two. if anyone has access to any other brokerage reports and the new eps estimates, I'd appreciate that information being shared.
depending on what the new eps estimates are, I will probably give HLF one more Q to show that an operational turnaround is taking place.