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CEO of Bill Ackman Short Target Herbalife Claims Market Manipulation by Short-Sellers

December 19, 2012 | About:
CanadianValue

CanadianValue

210 followers
Oh we have ourselves another juicy one. News leaks that Bill Ackman is short Herbalife (HLF) and the stock crashes.

Herbalife's CEO picks up the phone and gets on the air with CNBC making the following comments:

- He accuses Ackman and short-sellers of manipulating the market at the expense of Herbalife shareholders.

- He notes that on Friday a large number of puts on Herbalife are expiring and notes the coincidence of Ackman announcing a presentation on Herbalife on Thursday.

- He calls the claim that Herbalife is a pyramid scheme ridiculous, noting the millions of customers around the world.

- He refers to the fact that the company has been in business for 32 years and that they are building a $100 million facility in North Carolina that will employ 500 people.

The man is fired up, and you have to admire him standing up for his company.







About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

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