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Herbalife CEO: North America Business Rebounding

Tuesday, 11 Jan 2011 | 2:00 PM ET

As private equity circles the nutrition sector, Herbalife traded near a 52-week high on Tuesday.

Private equity is attracted to this space, said CEO Michael Johnson, because companies like Herbalife provide products that help counter the megatrends of unhealthy lifestyles and weight gain.

Mostly an emerging market story, Herbalife disappointed investors when it reported a slowdown in North America. Johnson said it's picking up in different segments, though. The non-Spanish speaking market has had very aggressive growth this year and the Spanish speaking market is poised for a comeback, too. This typically happens where we see lots of growth, it slows down and the picks back up again, he explained.

Call to the Floor: Herbalife CEO
Herbalife is trading at 52-week highs as private equity circles the nutrition sector. Michael Johnson, CEO of Herbalife, discusses the outlook of his company with the "Fast Money" traders.

Herbalife is also growing in China. Johnson said his company is being very cautious about how they're doing business in the People's Republic. He explained that they're working with the Chinese government to create a "solid foundation" for future growth.




After the broadcast we talked a little more with CEO Michael Johnson. Check out what he told us in this web exclusive video.

Fast Money Halftime Report CEO Extra: Michael Johnson
Herbalife chief executive officer Michael Johnson discusses his company's new product pipeline.



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Trader disclosure: On Jan. 11, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova owns (GM); Terranova owns (C); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PEP); Terranova owns (OXY); Terranova owns (GS); Terranova owns (LTD); Terranova owns (CNQ); Terranova owns (PVH); Terranova owns (CVI); Terranova owns (RIMM); Terranova owns (GLD) puts; Terranova owns (SLW) puts; Cortes is short (XRT) vs. S&P; Cortes is short (XHB) vs. S&P; Cortes is short (LVS); Cortes owns (EXC); Cortes owns (SVU); Cortes is long U.S. Treasuries; Cortes is short Gold; Cortes is short Corn; Cortes owns (TSN); Jon Najarian owns (GXDX), is short (GXDX); Jon Najarian owns (NFLX), is short (NFLX); Jon Najarian owns (BP), is short (BP); Jon Najarian owns (GM), is short (GM); Jon Najarian owns (F), is short (F); Jon Najarian owns (AXP), is short (AXP); Jon Najarian owns (AAPL), is short (AAPL); Jon Najarian owns (QCOM), is short (QCOM); Jon Najarian owns (STI), is short (STI); Jon Najarian owns (ARUN), is short (ARUN); Jon Najarian owns (EXPE), is short (EXPE)

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