Herbalife Ltd., a nutrition company, develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, and personal care products. It offers science-based products in four principal categories, including weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition. The weight management product portfolio includes meal replacement, protein shakes, drink mixes, weight loss enhancers, and healthy snacks. The targeted nutrition products comprise dietary and nutritional supplements containing herbs, vitamins, minerals, and other natural ingredients. The energy, sports, and fitness portfolio consists of products that support a healthy active lifestyle. The outer nutrition products include facial skin, body, and hair care products. The company also provides literature, promotional, and other materials, including start-up kits, sales tools, and educational materials. It offers its products through retail stores, sales representatives, sales officers, and independent service providers. The company operates in North America, Mexico, South and Central America, Europe, the Middle East, Africa, the Asia Pacific, and China. Herbalife Ltd. was founded in 1980 and is based in Grand Cayman, the Cayman Islands.
Oh man +10% to $64, any time this thing runs a bit, shorts get squeezed more. No matter how right you are on the fact that his collapses one day, you cant argue with price, and price is awefully near to new 52wk highs again! lol
Ackman escalates attack on Herbalife Billionaire activist investor Bill Ackman is escalating his campaign against Herbalife, releasing video excerpts aimed at proving some of the nutritional supplement company's top producers continue to make "false and misleading claims about its fraudulent business opportunity." Launched this week, the attack is part of Ackman's $1 billion short bet against Herbalife following his contention that the company's business model is a pyramid scheme. The updated campaign comes amid the possibility of an estimated $200 million Herbalife settlement with the Federal Trade Commission, which has been investigating whether the company complies with federal laws on advertising, marketing and sales of business opportunities.
It was just yesterday that Ackman appeared on CNBC and built a case against HLF. It took less than 24 hours for the FTC to claim Herbalife is not a pyramid scheme. Sometimes you have to wonder if the FTC and other agencies purposely set out to inflict pain on investors just to spite them. Not too long ago WFM was the target of the FDC right when it was about to breakout out of its range. The timing of all of these events is highly questionable, and the worst part is its the government that is behind it. Who dares question the government? There is definitely something gone astray here and nobody bothers too look into it.
Somebody is getting paid off somewhere. HLF is pretty blatantly a pyramid scheme, but once you get to a certain size you hit the "too big to fail" phase.
And this all came right on the day of options expiration. Coincidence? I think not. There were pretty big call buyers for options expiring today. Why would anyone buy size with a day left in expiration? Something is fishy is going. Its happened all year. But government can't investigate itself, can it? Who knows. Maybe Ackman was in it. I have no idea. I really don't. But something fishy did happen. You don't get these outsized moves if your intention is not to wipe someone out.
Poor ackman, all powers seem to be against him. He talked about HLF yesterday and why he continues to be short on CNBC and today it's up 18%. I wonder if he finally gave up and he is part of this squeeze too.
Off the worst levels of the day, but HLF took a dive on news that one of its biggest supporters is considering pulling out. NEW YORK (AP) -- Herbalife is under heavy trading pressure on a news report that Carl Icahn, the company's biggest shareholder and defender, has been trying to unload his stake. Major players on Wall Street have used the company's shares in a proxy war for years now after one of them, Bill Ackman, first called it a pyramid scheme in 2012. The potential sale of Icahn's stake, which was reported by The Wall Street Journal Friday, comes a month after the U.S. Federal Trade Commission closed its investigation of Herbalife and said it needs to rework the way in which it pays its salespeople. The FTC ruled that salespeople have to be paid for selling Herbalife products. Typically, Herbalife salespeople bought products and tried to get others to do the same. The FTC did not label Herbalife as a pyramid scheme, a victory for the company, but its description of its business model was essentially how a pyramid scheme operates. It ordered the company, which has headquarters in Los Angeles, to put into place changes in its business model by May.
Carl Icahn buys 2.3 million more shares of Herbalife. Read more: http://carlicahn.com/carl-icahn-issues-statement-regarding-herbalife/
Shares of Herbalife were under pressure Wednesday following news that CEO Michael Johnson will be stepping down https://www.thestreet.com/video/138...are-lower-in-wednesday-s-trading-session.html
I'm a bear but let's be real. 1.3 bil left in buyback, Icahn, and a bunch of tricks. It's not going down to single digit any time soon.