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
CanadianValue
CanadianValue
Articles (4624) 

Herbalife's President Appears on CNBC to Refute Ackman's Claims

January 10, 2013 | About:

What a start to 2013! Ackman goes public in grand fashion with a 9 million-page short presentation on Herbalife (NYSE:HLF) promising to dedicate his profits to charity.

Then to make things even more interesting, both Daniel Loeb and now Carl Icahn have taken the long side of Herbalife. Icahn and Ackman have long had a real hate for each other, so this story is going to be one for the ages.

Today Herbalife's president appeared on CNBC to discuss Ackman's accusations of Herbalife being a pyramid scheme. Here are some of his main comments:

- Ackman's claims are a great distortion of reality.

- The majority of Herbalife's distributors join because they want a discount on a product that they use and enjoy themselves.

- He has never spoken to a distributor who is not making money who has signed up specifically for the business opportunity and not just for the product discount.







About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 3.0/5 (4 votes)

Comments

Please leave your comment:


GuruFocus has detected 3 Warning Signs with Herbalife Ltd $HLF.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


kw1123Non_S&P Buy
kw1123S&P Buy
dpostelBook Appreciation
nmccutcheonMID CAP
DANGORDON*
DANGORDONBOOK VAL GROWTH RATE 2-12-17
nmccutcheonMid-cap value
Marty Fletcher10% ROE ROC 12 PE
milesahead04smallCap AllAround2
milesahead04smallCap AllAround
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)
FEEDBACK