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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.

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GuruFocus has detected 5 Warning Signs with Herbalife Ltd $HLF.
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