|07/29/16 08:00 PM||The Good, Bad and Ugly; A Reason to Give Up POT: Best of Kass - |
|07/28/16 10:19 AM||What's in Store for Herbalife (HLF) this Earnings Season? - |
|07/28/16 09:29 AM||Earnings Preview: Herbalife Ltd. Q2 2016 (HLF) - |
|07/28/16 07:25 AM||Herbalife LTD. (NYSE:HLF) Updated Price Targets - FTSE News|
|07/27/16 04:42 PM||Herbalife: Let's Not Use Labels|
|07/27/16 02:55 PM||FTC: Herbalife Is Not a Pyramid Scheme - |
|07/26/16 03:20 PM||Did Bill Ackman Make the Right Decision Shorting Herbalife? - |
|07/26/16 07:21 AM||Herbalife: Let's Not Use Labels - Seeking Alpha|
|07/25/16 05:13 PM||The Battle of the Billionaire Gurus - and the Future of Herbalife - |
|07/25/16 04:29 PM||Herbalife and Ackman: A History|
|07/25/16 04:29 PM||An Option Strategy To Play Herbalife|
|07/25/16 09:01 AM||An Option Strategy To Play Herbalife - Seeking Alpha|
|07/22/16 04:24 PM||Will Ackman Liquidate His Herbalife Short?|
|07/22/16 04:24 PM||Will Ackman Liquidate His Herbalife Short?|
|07/22/16 07:23 AM||Will Ackman Liquidate His Herbalife Short? - Seeking Alpha|
|07/22/16 07:23 AM||Americafirst Capital Management buys $2274675 stake in Herbalife Ltd. (HLF) - Trade Calls|
|07/21/16 04:37 PM||Noteworthy Thursday Option Activity: PFPT, IILG, HLF|
|07/21/16 04:37 PM||Indus Capital Partners LLC Increased Herbalife LTD (Call) (NYSE:HLF) by $121.96 Million as Shares Rose - Press Telegraph|
|07/21/16 04:37 PM||Two Buzzers within Analysts Radar: Herbalife LTD. (NYSE:HLF) , Kate Spade & Company (NYSE:KATE) - Street Updates|
|07/21/16 04:37 PM||CytRx Corporation (NASDAQ:CYTR) & Herbalife Ltd. (NYSE:HLF) Stocks Under Consideration - Money News (press release)|
|07/21/16 04:37 PM||Ackman On Valeant And Herbalife - Seeking Alpha|
|07/21/16 09:37 AM||Bill Ackman Vs. Herbalife: The Saga Continues... -
The battle between Bill Ackman and Herbalife Ltd. (NYSE: HLF), quite unbelievably, is still as heated as it ever was. For those unfamiliar with the story, Ackman is the hedge fund manager who famously (and publicly) bet $1 billion against the multi-level marketing company back in December 2012, and called it a "pyramid scheme."
In The Beginning...
At the time, Ackman said he wouldn't be covering his short position until the stock went to $0. While this seemed like hyperbole, it clearly wasn't, as his firm, Pershing Square Capital, has maintained its short position for all of these years, despite annual carrying costs of around $20 million and the fact that 10 percent of the fund's capital has been tied up in this position since late 2012.
In what has become typical of Bill Ackman, an investor who is not known for his modesty or for keeping a low profile, the hedge fund manager unveiled his short thesis at an event billed as the "Inaugural Sohn Conference Special Event."
Related Link: Bill Ackman: 'There Are No Incentives To Remain An Herbalife Distributor'
The public way Ackman went about attacking Herbalife certainly helped him in the near term, as the stock cratered for days after the presentation. In the longer term, however, it could be argued it was a mistake driven by Ackman's ego, as other prominent investors such as Dan Loeb and Carl Icahn went long the stock in an effort to squeeze Pershing Square.
In fact, Herbalife hit a multi-year low on record volume in December 2012, in the wake of Ackman's accusations. On December 21, 2012, Herbalife shares closed at $27.27 after trading in the high- to mid-$40 range before Ackman's position became public.
Within weeks, however, the stock had recouped most of its losses and then subsequently soared throughout 2013, hitting a high above $80 by January 2014. At this point, Pershing Square had racked up massive losses on its short position and things looked quite bleak for Ackman. Nevertheless, in the ensuing years, Herbalife has pulled back and the stock has traded between $30 and $60 since the beginning of 2015.
The backstory is interesting to say the least, and things got more interesting last Friday when the FTC announced a resolution to an investigation of the nutritional supplement company that began in March 2014. Although the details of the settlement are quite damaging to Herbalife, or at the very least, the language used by the FTC is damning, it can't be viewed as a victory for Pershing Square, as Herbalife's share price actually jumped more than 20 percent on the news.
According to sources, Ackman is sitting on a $500 million loss and, not surprisingly, he came out firing on Wednesday. First, however, it's important to outline all of the FTC's findings and the company's financial settlement with the agency. In the agency's complaint, which ...Full story available on Benzinga.com|
|07/20/16 08:45 PM||Herbalife 'Will Not Survive' New FTC Regulations, Bill Ackman Says|
|07/20/16 04:17 PM||Bill Ackman Comments on Herbalife in 2nd Quarter Conference Call - |
|07/20/16 03:49 PM||Ackman still believes Herbalife’s business will disappear - Bill Ackman said FTC’s settlement agreement with Herbalife confirms his bearish message, as it will cause distributors to leave, the stock to fall and the business to fail.
|07/20/16 02:24 PM||Is $66 Price Target Attainable For Herbalife LTD. (NYSE:HLF)? - Investor Newswire|
|07/20/16 02:24 PM||Trader's Buzzers: AES Corp (NYSE:AES), Herbalife Ltd. (NYSE:HLF) - NYSE Journal (press release)|
|07/20/16 02:24 PM||Investor Catching Stock: Herbalife Ltd. (NYSE:HLF) - News Oracle|
|07/20/16 12:46 PM||Ackman: Herbalife has already been shut down and doesn't know it - He upped the ante in his ongoing dispute with Herbalife, saying that the company effectively has been shut down.|
|07/20/16 07:22 AM||Herbalife Ltd. (HLF) is Trading Lower on Unusual Volume for July 18 - Equities.com|
|07/20/16 07:22 AM||Revenue Estimates to see: Herbalife Ltd. (NYSE:HLF) - News Oracle|
|07/19/16 02:21 PM||Has Carl Icahn Rushed To Claim Victory In The Herbalife (HLF) Fiasco? - |
|07/19/16 01:24 PM||Why Bill Ackman Believes ‘No Situation Is Good for Herbalife’ - |
|07/19/16 01:24 PM||Inside Bill Ackman’s Current Stance and View of His Holdings - |
|07/19/16 12:52 PM||Herbalife is in the cross hairs of short sellers — again - Traders had been covering shorts ahead of the ruling released Friday, but are re-establishing their positions.|
|07/19/16 10:34 AM||Bill Ackman's Assault on Herbalife Fizzles (HLF, VRX)|
|07/19/16 09:41 AM||HLF Stock: Herbalife Ltd. Has Topped Out - <p><a rel="nofollow" href="http://investorplace.com">InvestorPlace</a><a rel="nofollow" href="http://investorplace.com">InvestorPlace - Stock Market News, Stock Advice & Trading Tips</a></p>
<p>With the shorts forced out and good news already priced in, HLF stock will likely languish below the critical $66 resistance level.</p>
<p>The post <a rel="nofollow" href="http://investorplace.com/2016/07/hlf-stock-herbalife-top/">HLF Stock: Herbalife Ltd. Has Topped Out</a> appeared first on <a rel="nofollow" href="http://investorplace.com">InvestorPlace</a>.</p>
|07/19/16 08:37 AM||Bill Ackman's Assault on Herbalife Fizzles - |
|07/18/16 06:43 PM||FTC moves against Herbalife, but leaves a question: Why is this company still allowed in business? - Los Angeles Times - Los Angeles TimesFTC moves against Herbalife, but leaves a question: Why is this company still allowed in business?Los Angeles TimesThe legal complaint and settlement with Herbalife unveiled Friday by the Federal Trade Commission answers several questions about the Los Angeles-based nutritional supplement marketing company, but leaves the most important question wide open.Herbalife: FTC settlement unlikely to slow NC hiringWRAL.comEgg On Pershing Square's Herbalife ShortForbesCarl Icahn Says Herbalife Is Definitely Not A Pyramid SchemeFortuneCourthouse News Service -Seeking Alpha -Silicon Valley -MediaPost Communicationsall 34 news articles »|
|07/18/16 04:39 PM||Herbalife Ltd. (NYSE:HLF) & Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) Investor's Watch List - Money News (press release)|
|07/18/16 04:39 PM||Retreated Stocks Consumers Goods Stocks- Herbalife Ltd. (NYSE:HLF), Ford Motor Co. (NYSE:F) - Seneca Globe|
|07/18/16 04:18 PM||Egg On Pershing Square's Herbalife Short - |
|07/18/16 12:15 PM||Learn from Bill Ackman's Mistakes - |
|07/18/16 12:06 PM||The Herbalife Rorschach Test - |
|07/18/16 11:52 AM||Pershing Square's Statement Regarding Herbalife - |
|07/18/16 11:12 AM||Why Did Herbalife Rise by ~10% on July 15? - |
|07/18/16 09:38 AM||Herbalife LTD. (NYSE:HLF) Quarterly Accounts Payable At $72.3 Millions - RealistInvestor.com|
|07/18/16 09:38 AM||Notable Analysts Recommendation to Monitor: Herbalife LTD. (NYSE:HLF) , Fiat Chrysler Automobiles N.V. (NYSE ... - Street Updates|
|07/18/16 09:38 AM||Shares of Herbalife LTD. (HLF) Rally 6.9% - TheFounders Daily|
|07/18/16 09:38 AM||Herbalife Ltd. (HLF) : Media Materially Misstates FTC Outcome, Icahn Files Potentially Questionable Statement with SEC - ValueWalk|