Herbalife’s Victory Lap

“It’s time for a Herbalife victory lap,” Cramer said Thursday.

The direct seller of nutritional supplements reported a “thing of beauty” quarter on May 2. Herbalife posted earnings of $1.43 per share, a 22 cent beat on revenues that rose 28.5 percent year-over-year. It also gave upside guidance for the rest of 2011 and boosted its dividend by 60 percent.

Many on Wall Street have long accused direct sales companies of being pyramid schemes. However, Herbalife's latest quarter should prove the critics wrong and erase any doubts about this high-flying stock, Cramer said.

“This is simply a terrific company that has figured out a brilliant way to sell these health oriented products through one-on-one testimonials,” he said.

Herbalife shares soared after it reported strong earnings, which Cramer thinks is due, in part, to the company’s explosion in the emerging markets scene. Sales in India are up 154 percent and Russia is up 75 percent while Brazil and China are both up 28 percent.

Cramer’s been on the Herbalife bandwagon since November of 2009. Since then, the stock has gained 166 percent. And it’s up 40 percent since Cramer last spoke with CEO Michael Johnson in March.

So is there more money to be made in HLF? To find out, Cramer invited Johnson back on the show. To see the full interview, watch the video.

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