Executive Decision: Herbalife CEO Michael Johnson

Herbalife’s stock lost almost 24% Tuesday, despite beating earnings estimates, after the company offered disappointing guidance for 2009. But with the dividend yield as high as 3.9%, Cramer’s not as bearish on the nutritional products maker as Wall Street.

Herbalife has posted double-digit growth for 19 consecutive quarters, so there’s reason to believe this stock could work. It’s true the company suffered some weakness in Mexico, Venezuela and China, which made up 25% of sales in Q3, but Herbalife still did well in seven of its top 10 markets.

And this is a stock, like Tupperware and Avon, that’s supposed to work in a recession. When times get tough, people look for second jobs, the kind that a direct seller like Herbalife provide.

But will that thesis hold up? Can Herbalife rebound from its recent declines? Is the dividend safe? Cramer put those questions to CEO Michael Johnson. Check out this interview to see if Mad Money’s right to be bullish on HLF.

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