Well now it is offical. Herbalife released first quarter earnings and once again proved the BEARS are wrong. HLF is ramping up in AH. Shorts are covering and look for a lot more of that on Friday. For those Ackman shills, BEARS or whatever who continued to insult me because of my BULLISH and ACCURATE statements versus your BULLSH’T and FAKE NEWS about Herbalife, too bad. Look who called it right……again.
http://www.marketwatch.com/story/shares-of-herbalife-rally-on-upbeat-2017-outlook-2017-05-04?siteid=yhoof2&yptr=yahoo
May 4, 2017 -First, some news about Herbalife earnings coming up on Thursday. Predictions as to what is happening in China and other parts of the world. A lot of doom and gloom. But don’t they always do this just before Herbalife earnings? And aren’t they always wrong? (SAY YES!) But what if Herbalife does miss tomorrow? So what? Look what Herbalife has weathered over the last 4 3/4 years. Any other company would have folded a long time ago.
Michael O. Johson takes a victory lap and calls FAKE NEWS
Meanwhile Herbalife CEO generating great PR for Herbalife at the Milken Institute talking health, taking a victory lap and exposing all of the FAKE NEWS out there regarding Herbalife. These are the things Herbalife supporters, HLF longs have been waiting for. All of the attacks on Herbalife have proven to be totally impotent. Conversely, the positive PR from Herbalife has been working to create good will and overshadows the “noise” from the few remaining HLF bears out there.
And as I have mentioned time after time, Herbalife faced a much more serious challenge in 1985, sales dropped from $512 million to only $10 million BUT then rebounded. Herbalife is very resilient.
I normally don’t invest for long term, with HLF, right now, I am long and will stay long for a very long time to come. Huge growth going forward. Right now I am adding to my position with near term calls, buying shares, selling puts. PLUS buying CALL LEAPS and selling LEAP Puts. The future is very bright for Herbalife.
Herbalife recalls protein bars
Before the Ackmanaholics and other undesirable liars with their FAKE STORIES ON SEEKING ALPHA blow this out of proportion, Herbalife did a recall on their protein bars. Is this unusual? How many times have companies recalled products? Have many times have automobile companies done recalls. It is a part of doing business. Nothing to lose sleep over. HLF is selling off slightly today. Not a huge selloff. I look at that as another buying opportunity.
More FAKE NEWS stories coming out as we predicted, two today alone just on Seeking Alpha. By now, everyone should know that Seeking Alpha is beyond FAKE NEWS. Many of us have been calling it a cheap tabloid for years. And it is.
Well the Ackmanaholics finally gave up on falsely accusing Herbalife of having lead in their 1 shake mix. So they figured, heck that didn’t work, and now the newest lie is that Herbalife may not be able to list their products as healthy anymore! Really?? C’mon.
Keep in mind this is the same author who listed diet soda as a “health food” some time ago. Seriously! Since when is any kind of soda a “health food” Only in the minds of the mindless Ackmanaholics.
As we who are better informed know, this kind of rubbish only comes up just before Herbalife is ready to report earnings. Coincidence? Hardly. No doubt the author of that fake news story on Seeking Alpha is on Ackman’s payroll and no doubt, may and probably does have a short play interest, even if is a few put contracts in play.
If you follow me, you will remember how bombastic this guy got after last earnings. With nonstop bullsh’t claiming Herbalife would be in for a big miss (they didn’t) this guy then went on to totally mispresent what was said on the earnings call. I wasted no time to correct him which only made him more furious. Then he said he was going to report me. WOW! I’m scared. Here we are months later, what he said was totally inaccurate. What I said was spot on as usual. Guess who won that round? Not him, that is for sure.
Expect to see the same thing this week. When Herbalife reports and their earnings are much better than what the Ackmanaholics are predicting and none of the other nonsense happens, look for them to try to spin the truth in AH trading. Never fear, for I will be here to set the record straight.
FACTS:
*FTC investigation over!
* Herbalife WinBack Program is in high gear and working
* FMR Herbalife reps are coming back in droves (this is driving Ackman crazy)
* Herbalife does have real customers
* Ackman and his shills do not have any real facts.
Now that the hype and hoopla over ‘Betting On Zero’ is past That film bombed terribly, Ackman his his merry group of Ackmanaholics are trying desperately to find something to use on Herbalife. These guys need to check the definition of insanity,
“Insanity is to keep on doing the same thing that is not working and expect a different result.”
Ackman and the Ackmanaholic cultists have been at this for about 4 /12 years now. Has it worked? Nope!
If you keep on doing what you have always done, you’ll keep on getting what you have always got.
Herbalife has proven to be invulnerable to the attacks by Ackman. Meanwhile, Ackman has lost an estimated $700 million on this reckless HLF short bet. over $100,000,000 more on lobbying. His puts have expired worthless. His 2 AGs friends have abandoned him. Betting on Zero was a bigger bomb than Ackman’s Herbalife “Death Blow” (hahahaha) in 2014. He has been divorced and in a 9 figure divorce settlement. His investors are redeeming shares of Pershing Sq on a daily basis. He lost over $4 billion on a ridiculous VRX long play just 2 months ago.
This all spells trouble for the soon to be ex-billionaire.
While Ackman still maintains a negative and biased attitutide regarding Herbalife in particular and network marketing in general, other billionaires, intelligent and successful business people feel differently. So who do we believe, a authentic billionaire like Bill Gates who also is very benevolent or a lying FRAUD like Ackman? I think the answer is obvious.
The following is worth a reread or a read if you missed it before. This is the real Billy Ackman…..
* Ackman is toast – It’s all over for Billy boy
*More FAKE STORIES from Ackman shills
*Ackman shills now using new pen names
*The Real Bill Ackman website getting more hits than ever.
April 2- 2017 -This article came out several months ago, however, it is worth a revisit. Tells a lot about Ackman, his behavior and his losses.
http://www.vanityfair.com/news/2016/10/is-bill-ackman-toast
Note the part in this article where it states that it is doubtful if anyone other than Ackman makes any money from Pershing Sq. Investors get spanked. I’ve been warning about this for years. Now Pershing Sq investors are finally waking up and redeeming in droves. Can you say GOTHAM PARTNERS II??
We knew it wouldn’t be long, especially with ‘Betting On Zero’ film bombing so badly and Ackman being squeezed to death by Icahn. More fake stories on seeking alpha and on other blogs came out and once again peddling doom and gloom for Herbalife and bragging on what a great guy Ackman is and how Betting on Zero is going to be Ackman’s new “Herbalife Deathblow” Yeah just like the deathblow he promised in 2014 (hahahahaha). Even though the pen name is different, three guesses who wrote this trash.
‘Betting on Zero’ bombed badly just as I and so many others predicted. It may be available on Red Box soon for $1, that is if Red Box lowers it’s standards and carries it. Even then, I doubt if it will be available for long before it is replaced with a more marketable film
Interesting that the new FAKE stories no longer use the pen names quoththeraven or matt stewart or the other commonly used names from up to about a year ago. Nonetheless, same crap, no doubt same writer, just different names.
BTW, I wonder if the matt stewart guy is still waiting for Mr. Stiritz to return his call? Like Stiritz has nothing better to do than talk to low paid Ackman shills who have zero credibilty and influence. .
Despite the attempted distraction by Ackman and his low paid shills, HLF stock has continued to climb and more and more good news comes out about Herbalife. So Ackman’s b.s. is being smothered with facts and reality. Icahn is squeezing the life out of Ackman so it is normal for Ackman and his cult like follower (s) to come out with their nauseating rhetoric.
And as is so typical for Ackman and his naive followers, they underestimate the intelligence of the American people. They assume that only Wall Street knows about the Ackman scam that started over four years ago. The FTC investigation of Herbalife and that they never heard the results. They assume that the general population is not aware that any of this is going on and that ‘Betting on Zero’ would educate them. Ah yes, and that is why there are such long lines at the 3 or 4 theatres that ‘Betting on Zero’ is being shown. What? No long lines? Like I said, this film is about as interesting as watching paint dry and is about as new to people as the Titanic going down or WW1.
If anything, people are sick or Ackman and his lies. They have had enough. And enough is enough!
I talk with real investors everyday and most are tired of the Ackman bullsh’t. They, like all intelligent investors realized that it was all over for Ackman with the FTC showdown last June. Shorts are covering and more serious investors are coming in and buying in anticipation of the inevitable “Short Squeeze” when Ackman finally bails as he did with VRX a few weeks ago. No doubt it will occur after hours and all of those ignorant fools who believe in Billy bob the clown will be scratching their heads in disbelief as their brokers call them with those two most hated words that no investor wants to hear:
MARGIN CALL
The Real Bill Ackman website has been updated with more truth about Ackman
Herbalife is continuing to counter everything Ackman says and does on it’s The Real Bill Ackman website. Even includes a review on ‘Betting on Zero’ I can’t believe guy wasted time and money to go see it. His review is interesting and not surprising.
A honest review of ‘Betting On Zero’ from someone who is NOT a paid Ackman shill
http://www.redstate.com/diary/dukefergus/2017/03/30/bill-ackman-tilting-windmills/
Meanwhile, in other news, VRX coninues to hit fresh new lows . No doubt the “Ackman curse” is still haunting this company OR it is as so many of we real investors saw a long time ago, a dog. Why didn’t Ackman see that and why did he hang on untill he took a estimated $4 billion + loss? That’s easy. He is not a real investor. He is a gambler. Takes inordinate risks and like most gamblers, loses more than he wins.
It doesn’t take a Harvard degree to realize that VRX was a dog, Valeant was in deep trouble and heading down. I still maintain a short position with VRX. The factt hat Ackman exited did not influence me. I but or short stocks based on valuations, not emotions. i.e. like quoththeraven screaming to everyone a few years ago to short AAPL only because Icahn was long. WOW! What a genius. And if he followed his own advice, he is either bankrupt or homeless.
Also, it didn’t take a Harvard degree to figure out that MBIA was going to collapse. Even a 6th grader coud have figured that out. Ackman was lucky on this one. But it appears as though lightning may have hit only once for this clown
Herbalife going up, VRX going down. Ackman has already lost an estmated $4 billion on VRX when he bailed out. That is not a paper loss, it’s a real loss. Then add in the estimated $700 million he has already lost on this senseless, reckless short bet with HLF PLUS other charges of an estimated $100 million lobbying against Herbalife and paying off certain people to help him, he is in bad shape. And that doesn’t count the $500 million loss on JCP. The 9 figure divorce settlement from Mrs. Ackman. It looks very bleak for Ackman and getting worse all the time.
Something to ponder,
DO YOU REALLY WANT TO BE THE LAST HLF SHORT TO COVER WHEN ACKMAN IS FORCED TO BAIL OUT???????
Think about it!
L@@K WHO SUPPORTS NETWORK MARKETING. And you want to believe Ackman?
Bill Ackman “The Clown” brought his circus back to town a few weeks ago with his ‘Betting on Zero film-It bombed badly and is doing poorly as we predicted.
*Seeking Alpha more FAKE NEWS today.
* Herbalife is a direct sales “Person to person” business
*Short interest is a sign of the coming MOASS
* THE TRUMP FACTOR
As predicted, Bill Ackman “The Clown” re-releaseD his huge bomb from 2016, ‘Betting on Zero’ which was released in theatres three weeks and has bombed badly. Betting on Zero is slated as a documentary but is really an informercial for Bozo Ackman. It bombed horribly in 2016. The premiere had a sparse crowd. Only one review by guess who? quoththemeathead, I mean raven. Did horribly last year. No reason why it should do any better now. And it’s not.
This film should be based on the coming collapse of Pershing Square and Valeant. Then it would be more accurate.
bettingonzero.com
Bozo-Ackman the Clown is bringing his circus back to town with the re-release of ‘Betting on Zero’
Meanwhile Seeking Alpha is starting to beef up their anti-Herbalife bashing again as I warned several months ago. Look for that to increase. My recommendation is to not read them, don’t open them and never comment on them. There is nothing valuable there to read anyway. Some of you thought that the neutral or positive articles on the Herbalife SA thread was a positive sign. As I said 2 months ago, this was just the calm before the storm. Remember the story of the Trojan Horse? Beware of Greeks bearing gifts. In this case, beware of Ackman’s low paid shills acting like they have turned positive or accurate on Herbalife. Have I ever been wrong? NO. Has Ackman or his low paid shills ever been right? Nope.
And today March 20, 2017. A brand new “FAKE NEWS STORY” came out on seeking alpha now allegedly using google as a source and claiming declining sales. In their last piece on Seeking Alpha, the anti-HLF people admitted that hits on Herbalife websites are up. Now they use a chart claiming that there is no interest. Either way, what they don’t understand is that Herbalife, like all direct sales network marketing companies is primarily a person to person business. Customers buy from their friends, people they know and trust. It is primarily a warm market business. Hence, google and website hits are ok, but NOT the primary or significant factor. This is something. the Ackmanaholics and Ackman himself don’t understand and I guess never will.
Seeking Alpha’s stories are more fake than Professional Wrestling
There is a lot of talk about FAKE NEWS in politics. Nowhere is there more fake so called journalism than with Seeking Alpha, particularly on the Herbalife thread. Same drama as Pro Wrestling. Same fake crap. Just not as entertaining or professionally done.
Ackman has been so wrong so many times. As I tweeted over the weekend, Borders, Target and more recently VRX. CMG will be his next big buy to go bust. And his HLF short play was poorly researched and reckless. It has cost his investors millions of dollars. About a $700 million loss to date. Then add in a $500 million loss on JCP plus losses on Target and Borders and over a $4 Billion loss on VRX. OUCH!
And of course there is the re-released of ‘Betting on Zero’ which opened on Friday in about four cities to very sparse audiences. Easy to see why Ackman and the Ackmanaholics are so upset. Nothing they have done or are doing has worked. AND…I and so many others predicted this way back in December 2012 when Ackman first started this circus.
Ackman and his supporters greed overrode logic, rationale and intelligence. Ackman has made this same mistake with Gotham Partners, the company that collapsed under Ackman’s direction, Target, Borders, JCP, VRX and now CMG and Herbalife (short)
To some the short interest which is still high is a concern. Hey guys, Icahn has been building. Institutions have been buying. Herbalife has a buyback in place. The FTC facade created by Ackman’s buddy Sen. Markey is over. Herbalife’s WINBACK program is going full force and surprise, surprise, much of that $200 million fine that Herbalife paid is coming back to Herbalife as those so called “victims” are rejoining Herbalife with the money they recieved.
Besides short interest has been dropping. Shorts have been covering and expect more of that. And think what will happen when Ackman covers! SHORT SQUEEZE. MOASS. HLF to $100 ez.
And then there is the Trump Factor. Carl’s long time friend who is now President of the United States-Donald J. Trump. Ackman had some high profile people help him albeit borderline illegally. Carl has a good man who will do things ethically and morally and is much more powerful professionally and politically than all of Ackman’s bought and paid for buddies combined.
Carl Icahn and Donald Trump have been friends for decades. Mutual respect.
Real friendships last forever. Two great people. President Trump and Carl Icahn. This can only help the network marketing industry as a whole and Herbalife in particular.
Now you know why the Ackman shills are back. Remember, I don’t call them “knuckleheads in bathrobes” we should all be calling them “ZOMBIES IN PAJAMAS” That is much more accurate. The #1 Zombie for Ackman makes his living peddling crap pennystocks. He makes a lot of predictions like GNC when it was at $10.50 2 months ago was heading to $14 easy. GNC is currently trading at $7 and change. I hope you didn’t buy as advised by this jerk. Several years ago, he advised to short Netflex @ $150. NFLX went to $550, did a 2/1 stock split and ran up again. He also advised to short AAPL only because Carl Icahn was so bullish on it at that time. Result? AAPL ran to over $400. If quoththeraven followed his own advice, he would be bankrupt and homeless. He also was bullish on CPQ Computer back in the late 1990s. Result? Compaq stock dropped from $150 to $3 was about to be delisted with possible bankruptcy looming untill they merged with HP. Seriously. He is no investor. I doubt if he is short and if not, why not? If he believes so strongly in the crap he writes, why not take a short position? Hmmm??
This guy also has a habit of creating fake aliases and using services to build his twitter following and create a fake image. Hence he has what appears to be a large following, but all shells or people with no interest or skill in investing. Or just aliases that he himself created. Looks good. But also meaningless.
February 17-2017- 3 days late and after reporting Stiritz sold his shares of HLF (Inaccurate-He reduced didn’t sell all) Fake News Seeking Alpha finally reports that Carl Icahn bought more shares. Great that SA finally reported this. Not so great that they waited 3 days and only after I and so many others brought this out.
Seeking Alpha still FAKE NEWS and more Fake than Pro Wrestling.
February 15, 2017-A WALK DOWN MEMORY LANE- I am republishing some of the articles I wrote earlier this year. Please note the dates these were written and how the events turned out virtually exactly how I and others predicted and totally opposite to what Ackman and his trolls predicted.
* Carl Ichan boosts his stake in Herbalife stock AGAIN -St Valentines Day Massacre
*HLF stock continues in bullish pattern setting fresh, new high
* Stiritz cuts his shares in HLF….yawn
* Herbalife clinches new line of credit
* Seeking Alpha still Fake News. Reports Stiritz selling, not Icahn buying
I stated back in Novemeber and again in December, 2016, expect HLF stock and Herbalife as a company to explode in 2017 while Ackman and Pershing Sq will have a three-peat and their worst year ever. In fact, 2017 could very be the year in which Pershing Sq becomes Gotham Partners II.
Appears that once again my predictions are coming true. Herbalife is having a banner year. Stock is up incredibly YTD setting new highs every day. And more good news has come out
Car Icahn upped his shares in HLF. Remember Ackman claimed that he knew Carl was selling last summer? Once again, a Ackman lie. Icahn added to his position back then and has increased it thrice. Now on Valentines Day, Carl Announced that he bought even more. Could this be the St Valentines Day Massacre for Ackman??
https://www.thestreet.com/story/14003693/1/trump-buddy-carl-icahn-just-bought-more-herbalife-and-hertz.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Seeking Alpha couldn’t wait to tell their miniscule base of readers that Stiritz sold some of his shares, but failed to report that Icahn increased his shares even though the Icahn announcement preceded the Stiritz announcement. Now you know why they are called “FAKE NEWS” Or at least, “FIXED NEWS”
Reminds me of that incredulous story quoththeraven wrote several years ago citing breaking news that Icahn & Soros were being investigated for possible stock manipulation. But quoththemoron conveniently left out that his idol Billy Ackman was also under investigation. So quoth, aka little billy ackman left this piece out. That was 3 years ago. Obviously nothing has changed at SA. Still bullsh’t. Still fake news. Still biased and inaccurate.
https://finance.yahoo.com/m/8ab19be7-5e2d-3d80-a0fb-3321e61f7d10/ss_herbalife-clinches-new-line.html
Stiritz selling is no big deal. Compared to what Icahn owns, it is small change and as all of us real investors know, investors buy and sell. That is what they do. Based on their own interests and goals. At least Stiritz, who unlike Ackman is a a real investor, does know when to sell and not to get emotionally involved in a stock. Stiritz did not sell all of his shares, he merely reduced it. It’s called profit taking. Obviously Ackman followers have no clue what that means to actually show a profit.
People who follow Ackman’s advice walk around with empty pockets.
It is very well known that Carl Icahn is close friends with new POTUS TRUMP and in fact, the POTUS Has a place for Icahn in DC. It is also well known that Trump solidly supports network marketing and Free Enterprise. He encourages it. All network marketing companies, the good ones, the real deals, not the illegal pyramids mind you, will benefit from this and Herbalife will especially benefit.
2017 has just started and is already turning out to be a very exciting year for Herbalife. Not so good for Ackman and the HLF shorts. Edith Ramierez, who was solidly opposed to all network marketing, even the good ones, has stepped down from her FTC chair position. Hillary who is friends with Sen Markey lost. She is out, Trump is in. The FTC determination last June was a major blow to Ackman. As I reported a few days ago, look at how the short interest has dropped since June. It is dropping almost as fast as Pershing Squares Asset value.
Expect Pershing Sq to collapse possibly in 2017. More Pershing Sq investors are redeeming. VRX and other holdings in Ackman’s portfolio show little life. And then there is Ackman’s divorce and 9 figure settlement with Mrs. Ackman. Ackman’s only hope, which is more like hopeless is the Betting on Zero fake documentary, really a informercial. I would bet on hulla hoops and pet rocks coming back more than I would of Ackman having any success with betting on zero. Actually, the documentary might be more accurate if it was about Pershing Sq and/or VRX stock going to zero. Not Herbalife.
Need I remind everyone of the incredulous “HERBALIFE DEATH BLOW” that PT Ackman promoted nearly three years ago? How successful was that? Ackman as usual made a complete donkey out of himself, misquoting people, spreading misinformation while HLF stock SOARED to a 25% gain as Ackman spoke!. About a week later, after they slowly recovered from the shock, quoththeraven (and aliases) and who ever else followed Ackman were claiming victory for Ackman!!!! LOL!!!!!!! Sound familiar?? HLF longs decimated Ackman yet the Ackmanaholics, the little billy ackman’s were claiming victory.
Incredible!
http://www.bettingonnzero.com
I have made predictions regarding Ackman and Pershing Sq since 2013. Haven’t been wrong even once. Meanwhile Ackman and his shills have not been right even once. 2017 is going to be an exciting year for all of us.
Meanwhile Herbalife is celebrating it’s birthday. 37 years old. And Herbalife will still be here 37 years from now.
———————-
October 17, 2016- We all know that Carl Icahn added to his Herbalife long position over a month ago completely refuting Ackman’s blatant lie that Icahn would be selling his shares. News also came out previously that Icahn WAS NOT shopping his HLF shares as Ackman and his stool pigeons indicated. More lies from the Ackman camp.
However, it gets even worse for Ackman as Icahn has announced he wants to increase his stake in Herbalife even higher to 50%+:
https://www.thestreet.com/video/13728953/carl-icahn-looking-to-add-to-herbalife-stake.html?puc=yahoov&cm_ven=YAHOOV&yptr=yahoo
Can you say MOASS???
To add insult to injury, Icahn added even more shares putting even more pressure on Ackman and the silly HLF shorts. Icahn added 306,846 shares of the company giving HLF a market value of about $5.7 billion.
http://www.bloomberg.com/news/articles/2016-09-02/icahn-buys-more-herbalife-shares-days-after-adding-2-3-million?cmpid=yhoo.headline&yptr=yahoo
It is no secret that I am no Bill Ackman fan, in fact quite the opposite. For the last 3 1 /2 years, I have been hammering home that Ackman was totally clueless on his HLF short play and contrary to what he tries to imply, he is not doing this to benefit anyone but himself.
For the real dope on Bill Ackman, go to
http://www.therealbillackman.com
Herbalife added two new videos on Bill Ackman this week, now totaling four as well describing his many bad investments. No doubt Icahn who is on the BOD with Herbalife knew about the Herbalife videos and is expecting a big run on HLF stock. Remember, Icahn, unlike Ackman is a real investor, not a gambler. Icahn takes calculated risks. Ackman does not. Ackman takes uncalulated risks and hopes he can b.s. his way through. Hasn’t worked in nearly four years. What is the definition of insanity? Someone let Ackman know. Apparently he missed it.
How come everything Ackman touches turns into dog poop??
No matter what Ackman says or does and no matter how many times he is wrong, his braindead followers continue to applaud him and make him out the hero. They are like the dog sniffing another dogs poopoo and thinking it smells great.
It has been rumored that when a interested investor popped a question at a small group of Ackman followers, the Ackman followers were stumped. What was the question? “How many stocks are in the DOW 30?” They really didn’t know! Too busy pump and dumping pennystocks and writing ridiculous trash on SA for about 100 or less people must have really fried their brains. OR it demonstrates just how financially illterate the Ackman followers and HLF shorts really are.
As if Ackman didn’t have enough trouble with his HLF short and VRX long positions, Ackman recently dove into buying CMG stock. Since buying CMG, the stock has been falling like the proverbial falling knife. Why does Ackman make so many consistently bad investments? Perhaps it’s time for Ackman to find another career. Clearly he sucks at this one.
In December, 2012, Ackman’s Pershing Sq porfolio was bleeding red. Then came the infamous presentation (Ackman informercial) at the Sohn Conference where Ackman announced his $1 billion short POS on HLF and predicted that HLF stock was worthless and going to zero. And of course he claimed Herbalife was a ponzi, pyramid scheme.
This presentation was done just 2 days before options expiration for DECEMBER, 2012. How convenient! HLF stock tanked on the news dropping to as low as $24, a whopping 45% drop in one day and magically Ackman’s Pershing Sq Portfolio went from negative to positive. Walla!
Herbalife heard about the so called Ackman presentation (informercial) but Ackman denied them an opportunity to be there and offer a point/counterpont discussion. Hmmm. I wonder why Ackman didn’t want anyone from Herbalife there. Probably because it was to close to options expiration, aside from his huge short POS, Ackman also loaded up on puts. Didn’t want to risk the truth coming out and anyone showing the facts and exposing Ackman’s lies.
Anyway, since then I have adamant on going after Ackman and his brain dead shills. People who act like junkies mindlessly supporting someone merely to get in on what they see as a get rich quick scam to profit by being short and buying puts on the wild assumption that Ackman might be right or at least move the market. How many shorts have been devastated following Ackman’s failed strategy?
Earlier this week, Ackman and his goons recklessly lied and said that Carl Icahn was selling most or all of his shares. This sent HLF stock reeling, dropping by as much as 7% untill the truth came out.
Still not done, Ackman came out on FRIDAY spewing more garbage and showing once again that he is a very desperate man and as I have always stated, A LYING FRAUD! He will do anything to try to turn this reckless HLF short POS around and try to prove that he is right when he is oh so wrong. Ackman played the HLF longs. But late Friday afternoon, “Uncle Carl” Icahn came back and played Ackman and the shorts.
Herbalife Ltd. backer Carl Icahn waited until after Friday’s market close to contradict fellow billionaire Bill Ackman, spending the day adding 2.3 million shares to his stake in the nutrition company as its stock tumbled.
In this latest tussle between the outspoken New York activist investors, the only clear outcome is that Icahn now owns even more of Herbalife: 21 percent. Ackman had said Friday that Icahn was looking to sell his stake, not add to it.
Meanwhile, Ackman’s hedge fund, Pershing Square Capital Management, is approaching the four-year anniversary of its $1 billion-bet that Herbalife is a pyramid scheme destined to collapse.
“Bill Ackman tried to play us this morning, and Carl Icahn played Bill Ackman this afternoon,” said Tim Ramey, an analyst at Pivotal Research Group and a longtime defender of Herbalife. “It’s so beautifully played on Icahn’s part.”
Icahn has been publicly assailing Ackman’s attempted evisceration of Herbalife — on stages, television, in documentaries and online — since a January 2013 CNBC phone-infight . That July, Icahn told a conference he decided to look into Herbalife because he wasn’t “a great fan” of Ackman.
A year later at the same Delivering Alpha event in New York, both billionaires took the stage together and said their feud was over. Days later, Ackman delivered an emotional , nearly four-hour anti-Herbalife presentation that backfired — lifting the shares 25 percent.
Ackman who has always had an inflated opinion of himself while underestimating others, pretended to be on friendly terms with Icahn. Only days later he went after Herbalife and Icahn again. But as is usually the case with Ackman, it backfired badly on Ackman.
Public Short
Ackman has waged a public short campaign against Herbalife since December 2012, saying it should be shut down. Along with setting up a $1 billion wager against the stock, he hired investigators to look into the company’s business practices and gave public presentations making his case, while prodding regulators to conduct their own review.
Icahn took the other side of the trade in early 2013, snapping up 18 percent of the company’s shares and defending its multilevel marketing model — in which products are sold both to consumers and new distributors. Herbalife later let Icahn name five board members as its largest investor.
Herbalife surged as much as 8.3 percent to $65.54 in late trading Friday, after Icahn posted a statement about his position in the company on his website. The shares dropped 2.3 percent to $60.50 in regular trading in New York, trimming an earlier loss of as much as 7.8 percent.
Shares Tumble
Ackman sent Herbalife shares tumbling when he said Icahn was looking to ditch his holdings. In an interview with CNBC, Ackman said investment bank Jefferies Group LLC approached him about buying a portion of Icahn’s Herbalife shares earlier this month.
He said he considered buying some of Icahn’s stock if it would help get Icahn completely out of his position. Ackman later confirmed to Bloomberg News that he didn’t buy any of Icahn’s stock and would have quickly sold the shares if he had.
“Completely contrary to what Bill Ackman stated on television today, I have never given Jefferies an order to sell any of our Herbalife shares,” Icahn said in his statement, in which he disclosed adding 2.3 million shares. “I continue to believe in Herbalife: It’s a great model that creates a great number of jobs for people.”
Ackman’s ‘Malady’
Icahn’s statement — which critics noted didn’t directly address whether Jefferies had quietly shopped the stake for buyer interest — went on to lambaste Ackman’s fixation on the company.
“Ackman may be a smart guy, but he has clearly succumbed to the same dangerous (and sometimes fatal) malady that afflicts many investors -– he’s developed a very bad case of ‘Herbalife obsession,”’ he said. “Obsessions concerning the value of stocks are the undoing of many investors because they often blind you to the facts, and it becomes impossible to see the forest for the trees.”
Ackman maintained his bet against Herbalife even after the maker of weight-loss shakes and supplements reached a $200 million settlement with the U.S. Federal Trade Commission last month. He said that the terms of the agreement — which Herbalife hailed as an acknowledgment that its business model was sound — would cripple the company and cause it to collapse.
Internal Thinking
Icahn’s response to the FTC agreement noted that he was allowed to raise his stake to as much as 35 percent — something Ackman had previously opined wouldn’t happen.
“It amazes me that a guy who hasn’t any knowledge of my internal investment thinking believes he is in a position to go on television to tell the world what I AM thinking! Amazing!” Icahn said in Friday’s statement.
“He has no right to do so, and even worse, I’m sure his unsubstantiated, obsessive comments, especially about Herbalife, have cost investors a great deal of money over the last few years.”
Multilevel Sales
Meanwhile, Herbalife, the object of this billionaire battle, has repeatedly denied Ackman’s accusations. The company declined to respond to Ackman’s comments on Friday, though Chairman and CEO Michael O. Johnson quickly welcomed Icahn’s announcement.
“We appreciate the support of all of our investors and are particularly grateful to Carl Icahn and the conviction he shares, and continues to show in our business, as demonstrated by today’s significant increase in his stake in the company.”
The dispute over Herbalife’s business centered on whether there was legitimate demand for its products by actual customers or whether its sales came mostly from contractors who bought the products in hopes of making money by reselling them.
The FTC’s findings backed up many of Ackman’s claims, saying that the business was driven more by member recruitment than by retail sales and that a large number of its distributors lost money. The agency is forcing changes that could make it more difficult for distributors to profit. Herbalife will now have to depend on retail sales, which are to be verified by receipts, instead of bulk purchases by members.
Still, Herbalife has remained upbeat about its prospects. Earlier this month, the company posted second-quarter results that topped analysts’ estimates and said it expects to overhaul its business practices globally in response to the settlement. While the terms of the deal affect only its U.S. operations, the company said it would likely roll out some aspects of the agreement worldwide.
“Carl is the confidence behind Herbalife,” Ackman told Bloomberg before Icahn’s statement. “Once he’s out, the confidence is gone and the company collapses.”
And Ackman is the confidence behind Herbalife shorts. That confidence is rapidly fading. Once it is all gone, the HLF short thesis collapses and then we have the long waited MOASS.
So what happens when trading resumes Monday, after “the confidence behind Herbalife” — an 80-year-old worth $19 billion — has bet another $137 million on its future?
Ackman is holding on to his reckless HLF short POS by his fingernails. Can’t hold on for much longer. Ackman has been liquidating other positions. It won’t be long before he is forced to cover on his senseless poorly researched HLF short POS as well.