1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (4624) 

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

December 19, 2012 | About:

Oh we have ourselves another juicy one. News leaks that Bill Ackman is short Herbalife (NYSE: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:


Rating: 2.1/5 (7 votes)


Please leave your comment:

GuruFocus Mobile App

User Generated Screeners

jlhpersonalNet Net Hunter Asia
jlhpersonalNet Net Hunter Bahrain
jlhpersonalNet Net Hunter UAE
jlhpersonalNet Net Hunter Vietnam
jlhpersonalNet Net Hunter Israel
jlhpersonalNet Net Hunter Singapore
jlhpersonalNet Net Hunter Taiwan
jlhpersonalNet Net Hunter Hong Kong
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)