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
Fox Business
Fox Business
Articles (7316) 

Fox Business Network’s Charlie Gasparino Reports That Herbalife Has Been Engaged in a Stock Buyback Since Jan 17

January 30, 2013 | About:

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that while investors in Herbalife are calling for an aggressive stock buyback, the company is taking a more measured approach due to a belief that “they are in a long battle with” Pershing Square CEO Bill Ackman. Gasparino went on to report that Herbalife has been buying back stock since the January 17th announcement on having “a billion dollar worth of buyback authority” but “they don’t want to do it all at once” because they “think they’re going to fight it out for years.” Excerpts from the report are below.

On whether investors in Herbalife (NYSE:HLF) pushing for a more aggressive stock buyback program:

“Here’s what we know guys, bottom line is that investors in Herbalife have been pounding the company, demanding a more aggressive buyback program. What we do know is that since the January 17th announcement that they have a billion dollar worth of buyback authority, Herbalife has been in the market buying back shares. It is a lot less aggressive then what investors want and the reason why, at least according to people close to the company, they’re telling the FOX Business Network is that they believe they are in a long battle with Ackman, they just don’t want to do it all at once. They think they’re going to fight it out for years.”

On Herbalife’s stock buyback approach:

“People close to the company are saying that it has significant resources to buyback shares, stocks, cash and access to bank lines and credit, but it’s doing it in a less aggressive approach, right now at least, because it expects a long battle with Ackman.”



**CREDIT: FOX BUSINESS NETWORK**


Rating: 2.0/5 (1 vote)

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.

Performances of the stocks mentioned by Fox Business


User Generated Screeners


TheAccountantVol Screen
boursep - peter lynch4
pbarker46Short % < 2,PE10 <30
DANGORDONEPS GROWTH 4-28-17
nuno.a.pomboEstatiscal Low Priced Stocks
blain.lyall#1
hugHigh Piotroski
hugHigh Piotroski & Low EV/REBITD
pbarker46Shiller USA
BoubaOCF Size 1
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