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  "documentTitle": "Herbalife, Ltd. (HLF)",
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  "authorName": "William Ackman",
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      "text": "Table of metrics from Herbalife Investor Presentation, November 2012",
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      "text": "Top 3 products % of total volume: 52%",
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      "text": "So metrics that are indicative of consumption, our visibility is always a question in direct selling... And some of the stats on this page were introduced in the last 6 months as just evidence of the type of visibility that we have.",
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      "text": "So metrics that are indicative of consumption, our visibility is always a question in direct selling...And some of the stats on this page were introduced in the last 6 months as just evidence of the type of visibility that we have. So the first row looks at the core 3 products of the foundation of Nutrition Clubs...In 2002, those 3 products represented 35% of our volume. And last year and through this year, third quarter, it represents more than half our volume. Why? Because that shows - because the expansion of daily consumption is driving our growth. In daily consumption, those 3 products are the products that are sold in Clubs...And therefore, that growth is indicative of consumption growth. That growth in those 3 core products. — John DeSimone, CFO, Investor Presentation, November 14, 2012",
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      "text": "What is a Nutrition Club? HLF's Proof that Consumption & Retail Sales Exist",
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