Icahn buys "small" stake in HLF. Originally reported by NY Post a few days ago. But apparently WSJ has more weight when it comes to the market. Definitely one of those "short the pop" moves.
Hombre has bad blood for Ackman. Payback time.
Icahn reportedly buys stake in Herbalife
Another news bite. Tag Team Takedown
Icahn Joins Sharks in Cry for Ackman Blood
Ackman is not known as a popular figure on Wall Street and some speculate that hedge funds are teaming up to take him down. The idea sounds slightly preposterous considering many of the people involved are extremely rational investors with keen business senses. The idea that they can be motivated by anything besides sound business decisions is contrary to what many believe is their nature.
However, as last year's London Whale' story illustrates, normally analytic hedge funds managers can quickly turn into sharks when they smell blood in the water, and at the moment the seas are no doubt red with Ackman's. Icahn probably sees an opportunity to kill two bird with one stone â humble a competitor and make a fist full of cash.
Hombre has bad blood for Ackman. Payback time.
Icahn reportedly buys stake in Herbalife
Another news bite. Tag Team Takedown
Icahn Joins Sharks in Cry for Ackman Blood
Ackman is not known as a popular figure on Wall Street and some speculate that hedge funds are teaming up to take him down. The idea sounds slightly preposterous considering many of the people involved are extremely rational investors with keen business senses. The idea that they can be motivated by anything besides sound business decisions is contrary to what many believe is their nature.
However, as last year's London Whale' story illustrates, normally analytic hedge funds managers can quickly turn into sharks when they smell blood in the water, and at the moment the seas are no doubt red with Ackman's. Icahn probably sees an opportunity to kill two bird with one stone â humble a competitor and make a fist full of cash.
