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Bronte Capital's John Hempton Likens Herbalife to 'Watching Hedge Fund Porn'

January 04, 2013 | About:
CanadianValue

CanadianValue

211 followers
Hey, CNBC said it, I didn't.

John Hempton is a pretty well-known short-seller from Down Under in his own right. He was on CNBC discussing the Ackman versus Chapman Herbalife square off and had some comments:

- Hempton agrees with Ackman about Herbalife but is buying the stock.

- He suggests that the tobacco companies are much bigger "scumbags" than Herbalife and shorting them would have killed investors over the years.

- He refers to the fact that Herbalife has reduced its share count by a third over the past five years and pays a hefty dividend.

- The FTC has known about multi-level marketing schemes for decades and hasn't done anything about them; just because a rich hedge fund manager is short the stock isn't going to change anything.







About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

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