Bill Ackman is deserving of the moniker “The Worst of Wall Street” no one has been more wrong more often than Billy Bob. Easy to see why so many Pershing Sq investors are still bailing from Ackmans mismanaged fund.
Even though Billionaire Bill (or is that former billionaire Bill) Ackman liquidated his remaining put contracts on $HLF several months ago and today even refuses to discuss Herbalife (the pounding he took on that reckless bet was that bad) some of his shills are trying to keep the dream alive. And still cannot accept what I and so many others were saying for nearly 6 years; that Ackman would fail. His attack was unwarranted and without basis. But apparently they don’t know when to quit.
Is it just me or are the Ackmanaholics (backed by Bill Ackman??) acting just like the Hillary supporters who just can’t get over the fact that they were so wrong and lost massively? Have they set up support groups, use aromatherapy, hot cocoa and stand around crying all day long like the Hillary-aholics did and some are still doing when Hillary was justy and easily defeated?
Ackmanaholics reaction after Bill Ackman lost his long battle with Herbalife??
Those of us who know better predicted failure for Ackman way back in December, 2012 when it started. Why? Because Ackman’s thesis and argument against Herbalife was baseless and his commentary had been debunked. And only a complete fool shorts the stock of a company that beat earnings 22 quarters in a row and is growing massively as Herbalife was in 2012.
Ackmanaholics frantic that Bill Ackman was beaten and so easily and fairly.
Enter the foolish egomaniac Bill Ackman and his followers.
All of Ackman’s accusations against Herbalife had been dealt with before and successfully debunked as indicated above. This was all old stuff combined with some independent Herbalife reps who were in violation of FTC and Herbalife rules and working without the knowledge of Herbalife.
Ackman’s ego showcased on CNBC as he announces he is going to take Herbalife down
“Herbalife may have had others come after them before.” Shouted Ackman. “But they have never had someone like “ME” come after them!” Ackman proudly announced while jamming his thumb into his bony chest.
The ego was very evident. Ackman was beaming with overconfidence. So confident and so wrong.
That was December, 2012. But by October, 2017, after several hundred million $$$$ of losses’s in lobbying costs and a $1 Billion + loss on a very reckless and poorly executed $HLF SHORT BET, Ackman covered the insane short bet, converted to a much smaller Put POS, claimed he was still short on $HLF ’tils the ends of the earth. Ackman then announced in February, 2018 that he was done with Herbalife and didn’t even want to discuss Herbalife anymore. He showed a little class by calling Carl Icahn and congratulating him on his win and said he was out of Herbalife. But did he ever call Herbalife CEO or Michael O. Johnson. No! That would require a element of class far beyond what Ackman is capable of.
Some of us smelled a rat and thought that this was yet just another tactic by the modern day version of PT Barnum, Billy boy Ackman hoping that by announcing he was out, that perhaps Carl Icahn would pull out of his long POS. And perhaps that was the intent. Or maybe, Ackman was just going broke on his Herbalife short bet. In either case, if so, as with everything else Ackman does or did, it failed. Icahn is still holding on and hasn’t sold a share. In fact he has added to his position.
One thing that hasn’t changed though is that Ackman is still losing money.
While Ackman took a bath and lost well over $1 billion in his reckless $HLF short bet, Carl Icahn made over $1 billion.
As predicted Ackman lost his $1 billion reckless $HLF short bet and threw in the towel.
While Ackman has been silent (PUBLICLY) on Herbalife his assigns are back at work, trying to rewrite history. Scott Wapner has a series of stories reflecting on the Herbalife-Ackman saga and a book as well. Somehow, a lot of what Wapner says has no resemblance to fact or reality.
There have been many errors in recent reporting. One is that Belgium won a case and claimed that Herbalife was a pyramid scheme. Not true. The lower courts in Belgium did rule against Herbalife, however, when it went to the higher courts, and they did a more thorough investigation, it was overruled. Herbalife was declared to NOT be a pyramid scheme in Belgium or anywhere in the world for that matter.
There is also some talk about a “dossier” that Herbalife had on Ackman. To hear the Ackman shills tell it, sounds like a clandestine scheme right out of a James Bond novel. Reality was that the information was taken on Ackman from his presentations (informercials) and speeches (more informercials) regarding Herbalife. What in the world is wrong with that? And when someone takes out a $1 billion short bet against your company and spreads lie after lie after lie, goes on national tv attacking Herbalife, is it wrong to defend your company? I think not.
Almost too funny is that one of Ackman’s biggest shills, perhaps only one is now scratching his head trying to figure out where he went wrong! That’s easy —- he was never right. And never will be. He was so far into left field that he was totally out of the ballpark.
As recently as March, 2018, this Ackman shill better known as quoththeraven or QTR from QTRRESEARCH inaccurately suggested that Carl Icahn would be selling his HLF long position. Not even close. As we all now know, Mr. Icahn added to his HLF POS and is now more bullish than ever.
More recently QTR announced a podcast with “Matt Stewart” to discuss where they went wrong with Herbalife. Many people feel that Matt Stewart and QTR are one and the same. No one has been able to proves otherwise. IN any case, it is easy to see where they went wrong. They (he??) had no facts, only opinions and theories. No substance. And when you work that way, it doesn’t matter how many stories you pump out, in the end, the truth will prevail.
Recently, QTR as a disclaimer states he has no investment interest in Herbalife. But through the debacle with Ackman-Herbalife, he claimed to have a hefty put position and that Matt Stewart had a massive short position. Many of us claimed for along time that he had no real position at all, even though QTR claimed he rolled his puts even after they expired worthless. Everyone knows this is impossible, except for er, QTR.
Meanwhile, Pershing Sq. Investors are still redeeming shares. Even though Persh Sq fund has shown some small, tiny gains, trust in Ackman has been lost. Serious investors want out. And are getting out. Good for them. They can make much more money elsewhere and without paying the nose bleed fees that Ackman charges or be hussled by the used car salesmen Ackman has that he calls “financial advisors” who use manipulative and high pressure techniques and misquote real potential gains from investing with the grey haired Harvard graduate.
And my old “friend” Orion Research, LLC is back with more of his totally unresearched and biased anti-Herbalife bullsh’t is back and he was messaging me again trying to convince me that his crap has some merit.
It doesn’t take rocket science to figure out that Orion Research, LLC and QTRResearch are one and the same. Same baseless points. Same old arguments. Same trying to pass off nonsense as facts. I am a christian and do not believe that the Good Lord created two like this.
He tries to claim Herbalife is guilty of breaking RICO laws. Saws there are violations with their nutrition clubs and goes back to pre 2012 and brings up Shawn Dahl, Anthony Powell and others who who were in violation of both FTC and Herbalife laws and rules, and makes it look like what these guys were doing was part of Herbalife protocol. It wasn’t and never was.
Those violaters were quickly terminated from Herbalife as soon this scam was uncovered. How did the Ackmanaholics react? They posted all over the net:
“TOP HERBALIFE REPS LEAVING HERBALIFE!”
What does that headline suggest? That reps had enough and were quitting. They conveniently ignored that those reps were terminated. It wasn’t voluntary.
And Orion Research, while claiming that Dahl, Powell etc were the main lead gen for Herbalife for over a decade, refuses to acknowledge that even after these shysters and their teams were removed, and while Herbalife was under a full and relentless attack by Ackman and his team of blind mice, Herbalife grew by over $1 billion in sales and added 1.9 million new reps. So much for Dahl, Powell et all and illegal business systems and front end loading be the reason for Herbalife’s incredible growth.
Michele makes a frivulous and unscuccessful comeback
Michele Ceveleriar. reposted one of her insane FAKE STORIES about Herbalife that she wrote several years ago. Hey Michelle, your information was baseless and your story had no impact years ago, and it is having the same results now —NO IMPACT.
Here is a response that Herbalife made regarding an article that appeared in the NY Times back in March, 2014. Now this had an impact. Check Herbalife’s sales for that year. Even after the Ackman attack. Even after Herbalife terminated many distributors who were considered “leaders” and “heavy hitters” but who were not following the rules.
Herbalife SOARED to a New All Time Record High in retail sales of $7.5 billion!! And this was even after the Ackman attack and top “leaders” were terminated along with their downlines for NOT following Herbalife policy
The best is yet to come………….
From the NY Times.
LOS ANGELES–(BUSINESS WIRE)– Herbalife(HLF) today commented on a March 10, 2014, New York Times report “After Big Bet, Hedge Fund Pulls the Levers of Power,” by Michael S. Schmidt, Eric Lipton and Alexandra Stevenson. The article details how Bill Ackman of Pershing Square has employed a sophisticated and unprecedented campaign to exert pressure on lawmakers and regulators to investigate and destroy Herbalife(HLF), all to protect the $1 billion bet he made against the company.
Herbalife (HLF) issued the following statement:
For the past 15 months, Bill Ackman has executed an unfounded, relentless and fraudulent public attack on Herbalife’s business model, blasting Herbalife(HLF) to any media outlet or hedge fund audience willing to listen. As The New York Times reports, Ackman has, out of desperation, shifted his focus from Wall Street to Washington and key states across the country. Ackman’s unprecedented campaign to destroy Herbalife(HLF) has now been exposed for what it is: a cynical, self-serving attempt to manipulate the market by buying his way into an investigation to cover his own reckless $1 billion dollar bet.
There has never been merit to his accusations. Now we know how he has been orchestrating the appearance of outrage and concern. There should be no question any longer about Ackman’s motives, his techniques and his goals.
Herbalife stock ($HLF) IS a long way from zero. But Pershing Sq may be going to zero just like Ackman’s previous failure, Gotham Partners.