Question-and-Answer Session
Operator
[Operator Instructions]. Our first question comes from Simeon Gutman.
Simeon Gutman - Goldman Sachs
Hey for Michael and Greg. How do you insulate this business model from reputation challenges, and we spoken about it in the past. It may be from past experience you can elaborate, and then, is it something that... is it something that seeps into the distributor base?
Michael O. Johnson - Chairman and Chief Executive Officer
Well, it's Michael. Simeon, good morning. It does not slip into the distributor base at all. It's... there is thousands of people getting checks right now globally. They don't care or are concerned with their sort of good nutrition, business opportunity, and building a future for themselves, and so it doesn't slip into there. Our business models are incredibly strong. It takes a moment for a corporate, because we get, we have to respond to things like this. We can't stand being dragged down in the dirt with this kind of stuff, and I said before, we won't be dragged down any more of it. We have a lot of time spent, hours spend, and some day in here everybody I am staring at has been here to 1 to 2 in the morning preparing for this call making sure that we are giving you adequate information in finding exactly how our business model operates. We are trying to be extremely professional, and rise above this. This industry unfortunately has players in it who tend to spoil the image of it.
Direct selling is a wonderful model. It is a model for people to have some income at home, large, small, whatever they desire to do. We've got great products. We have a great business opportunity. We got great distributors and we are very proud of what we are doing, $100 billion industry that we are living in. And unfortunately, there is winds that are from the past that blow through every now and then. And frankly, to be forced to be responding to them kind of bothers us, but for our investor confidence, for our distributor confidence, we do it. Right after this, we will be on a phone call with our distributor leaders to go through this call, to go through the quarter, to talk to them about what we have talked to you about, about the past, the present, the future of the company and frankly we will use this moment just to make sure everybody takes the inventory and stock, and what they are doing, and how they are conducting their business.
- To read the full transcript on Seeking Alpha, click here »
