I agree with Ackman on his latest statement. Stock is really weak at the moment. Ackman Responds: Herbalife âDistorted, Mischaracterizedâ Our Presentation In advance of todayâs analyst day, Herbalife promised to provide a detailed refutation of each of the facts that we enumerated in our December 20th presentation. Instead, the company distorted, mischaracterized, and outright ignored large portions of our presentation. For example, Herbalife did not respond to our identification of overstatements and inaccuracies in the companyâs earnings statement for distributors, which among other deceptions, excludes the 93% of distributors that have zero gross earnings. In todayâs presentation, Herbalife offered the opportunity for âanyoneâ to ask questions of Herbalife so its business can be better understood. Pershing Square will be publicly releasing a detailed series of questions that will assist investors, regulators, distributors, and other interested parties in understanding the truth about Herbalife. Thereafter, we will respond with particularity to every issue raised today by Herbalife. Over the last three weeks, we have been contacted by numerous interested parties who have provided additional insight into Herbalifeâs business practices. We will be addressing these new issues in our updated presentation.
Ackman tried to pump up JCP but he couldn't. He has a huge long position on JCP. I bought his idea that HLF is a short but I hate myself that I did not act. The first time that I got the news HLF was at 39 and the Jan 35 PUT option was at $2. I wanted to buy some PUTs but I didn't. Now the PUTs are over $12.
Herbalife Investor Day Presentation Ackman is supposedly gonna refute the presentation in near future.
That is all he had to say? He makes it sound like "He said, she said". If they can engineer a short squeeze, they might have him dirty his pants. If it does not drop hard tomorrow, would he look ridiculous?
They banned him from the presentation. I think he needs time to come out with a comprehensive refuttal to their slides.
All the talk, and now he needs time to answer slides? How could one determine whether he is not just an another ass? If the stock does not selloff hard tomorrow he is a bullshitter until he proves otherwise.
"If the stock does not selloff hard tomorrow he is a bullshitter until he proves otherwise." you must be the world's greatest stock timer to make that nonsensical statement.