When the XFL failed after just one season, I breathed a sigh of relief: Apparently it really was possible to lose money by assuming that the American public is stupid.
Well Texas-based multi-level marketer Mannatech (NASDAQ: MTEX) has proven that the assumption of stupidity is alive and well as a means of making money -- or at least keeping your stock price from collapsing even more than it already has.
On Tuesday afternoon, founder Sam Caster resigned as CEO to "allow him to step back from operating responsibilities to focus his efforts on working with field sales leaders to transition to Mannatech's new global wellness sales program."
The press release didn't even mention the Texas Attorney General's investigation that has pummeled the stock of late -- a pretty brazen case of corporate spin. Even if Caster really is resigning to work with field sales leaders, isn't that indicative that the company is facing pretty serious problems? And remember, Mannatech's army of associates is its bread and butter. If that's in disarray (it is), the whole company is a train-wreck (it is).
So how did the stock respond? It was up more than 3% on Wednesday, and continued to rise on Thursday.
Who says markets are efficient?











Reader Comments (Page 1 of 1)
8-24-2007 @ 3:53PM
Sheldon L said...
Maybe when he states he wants to work with field sales leaders, he really means in the Bahamas or Switzerland as a means of escape.
8-25-2007 @ 7:21AM
Dotty L said...
CONDEMNATION WITHOUT INVESTIGATION IS THE HIGHEST FORM OF IGNORANCE. DOTTY L
8-26-2007 @ 1:21PM
Joshua said...
I guess people are stupid when they decide to take a proactive approach to their health or I guess their pretty dumb when they see a quality of life increase after they supplement their diet with these products. The next time someone says to me "thanks for recommending this product to me, it's helped me out alot" I'm going to say..."yeah, you're pretty stupid" Like alot of Americans, this author judges with out education.
8-26-2007 @ 1:21PM
Cathy said...
If you think that people who optimize their health are 'stupid' than I am glad that we don't think like you.
Haven't who ever heard of the saying, "if you point your finger at others, three are pointing back at you". Try it sometime, you might be enlightened.
Thinking 'stupid' and using Mannatech products has saved my family's lives. We were attacked by a vicious strain of MRSA: http://www.rd.com/content/methicillin-resistant-staphylococcus-aureus/2/
Antibiotics failed to help us as you will read in the link above.
Let me spell it out for you,
A n t i b i o t i c R e s i s t a n t.
The FOOD supplements supported our immune system to help save our lives.
I forgot the body is too 'stupid' to be able to do that.
Stupid is as stupid does is a choice. Which are you going to choose?
Thinking 'stupid' or "outside the box" has saved many lives.
I will keep my eyes open for the next commerical that advertises the magic stupid pill and talk to my doctor.
America is waking up to and thinking for themselves.
Are you sick and tired of being sick and tired?
Cathy
8-31-2007 @ 2:37AM
Evelyn King said...
mannatech products--ie glyconutritionals has given my 78 year old husband a life that he did not have before.
He could hardly walk because of bad knees and arthritis.
He had type 2 diabetes ( which included numbness in his feet and legs.) He had been taking blood pressure medication for over 40 years. He had a 60% artery blockage in his neck. Six months after that diagnosis, his ultra sound showed the blockage to be less than 20%. He now walks all over our 5 acres,takes walks, operates a back-hoe, drives a dump truck, does the heavy work of repairing broken equipment etc. He has no arthritis or diabetes and his blood pressure is normal and he is not taking blood pressure medication. He now tells me that he is getting stronger, and is able to lift more and handle heavy duty jobs that he has not been able to do for many years.
He is up every morning before 5 AM and is out working.
I guess we were really stupid to start on such a program that gave him his life back.
I heard that the Texas AG is running for re-election and need to get the vote of the pharmaceutical companies. No doubt, they are unhappy.
WoW, $4million in sales of glyconutrients means 20 times that much loss to thier industry,( because of the high prices of pharmaceutical drugs).
I wiould love send this information to the Texas AG.
He would probably sue me. My husbands doctors are amazed at the dramatic improvement in his health.
This is not a false testimony. My husbands numerous friends will testify these improvements in his health and life.
As to" Multi-level marketing" , practices, which has been so negatively stated. It is one of the fasted ways to get information out and it certainly levels the playing field, giving equal opportunity to succeed to all those that are willing to work.
8-31-2007 @ 3:03AM
Evelyn King said...
iWOULD LIKE TO GET IN TOUCH WITH CATHY ABOUT THE CA-MRSA. YOU CAN GIVE HER MY E-MAIL ADDRESS.THANKS, EVELYN
8-31-2007 @ 10:39PM
Cathy said...
Hi Evelyn,
Drop me an email if you want.
In order to avoid junk mail, I will only open emails with MRSA in the subject. You can email me at this address.: Scrapname123@aol.com
What is CA-MRSA? Read this Reader's Digest 8/7 report:
http://www.rd.com/content/methicillin-resistant-staphylococcus-aureus/2/
CA-MRSA recovery story:
Our family survived a vicious attack of CA-MRSA. Antibiotics failed to help us we found success through using 'natural antibiotics'
Glyconutrients were one of the key food supplements, that supported the body's ability to heal. We combined glyconutrients with a potent 'natural antibiotic' and saw horrible boils heal without the further need of medical care.
We have all been free from any signs of MRSA for over a year.
If using natural food supplementation is stupid I am glad our family is not educated. I would rather survive than to be smart in the minds of those who choose to be foolish.
Antibiotics failed, nutraceuticals worked!
Cathy
9-14-2007 @ 12:00PM
Dennis K said...
The writer of this piece is ignorant. I am not a Mannatech sales rep, but I do buy the products and they work. Before you criticize something, do your homework.
10-19-2007 @ 12:46PM
Dave said...
I'm amazed at the ignorance of this blogger, but I guess the beauty of the Internet is that everyone is still allowed to have a voice, even if there are no brains behind it.