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.
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.
