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  "documentTitle": "Herbalife, Ltd. (HLF)",
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  "authorName": "William Ackman",
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  "presentationDate": "2012-12-20 00:00:00",
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      "text": "“Often people ask well, what does a distributor look like? How do they behave? Last year, when distributors ordered from the Company, 51% of the time, their average order was $100, and they received about a 25% discount. So most of the distributors tend to be discount buyers, similar to joining Costco or some club like that, where you pay $49, and you get a 25% discount at Herbalife – just like you would buying a club card at Costco and enjoying the discount on the product.”",
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      "text": "“Often people ask well, what does a distributor look like? How do they behave? Last year, when distributors ordered from the Company, 51% of the time, their average order was $100, and they received about a 25% discount. So most of the distributors tend to be discount buyers, similar to joining Costco or some club like that, where you pay $49, and you get a 25% discount at Herbalife – just like you would buying a club card at Costco and enjoying the discount on the product.” — Rich Goudis, CFO of Herbalife, Canaccord Adams Global Growth Conference (8-11-2009)",
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      "text": "– Rich Goudis, CFO of Herbalife, Canaccord Adams Global Growth Conference (8-11-2009)",
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      "text": "Herbalife Would Like Others to Believe that its “Discount Buyer” Distributors are Like Costco Members",
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