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Bill Ackman Discusses His Herbalife Short and His JC Penny Long
Posted by: CanadianValue (IP Logged)
Date: January 21, 2013 05:04PM
Here are two videos with Bill Ackman where he is promoting two of his positions which may need some help.
First is Herbalife (HLF), which he explains his reason for shorting as being simply that the company is a "pyramid scheme." That should be enough said, but it has to be a bit disconcerting now with Carl Icahn and Dan Loeb taking the long side of that trade.
Second is J.C. Penney, where Ackman has a high-profile long position in the struggling retailer. His plea to investors is that CEO Ron Johnson simply needs more time.