Quote from HurricaneUS:
volume was lousy also.
Of course, now that Icahn has his goons on the board Ackman better pray that herballife doesn't institute an aggressive share buyback program
Quote from oldtime:
hey caveman, I'm not trying to make money off this one, that's way out of my league, it's just for entertainment and educational purposes
but you bring up a good point
what does the conservative investor that's caught long in the middle do?
I think they said Fidelity is the largest long holder
Quote from hard kore:
Carl Icahn filed a 13D disclosing a ~13% synthetic stake in Herbalife.
There are three possible reasons that Carl Icahn might want to own half a billion dollars worth of Herbalife stock:
1) as a value investment in a company with strong cash flows and a beaten-up stock price.
2) as a toehold in preparation for launching a tender offer to take the company private.
3) to fuck with Bill Ackman.
forget the first 2 reasons and keep the third.
Quote from Pekelo:
"Pershing Square has underperformed the U.S. stock market for two straight years after fees, even with the big short promotion of Herbalife in December,"
http://www.forbes.com/sites/nathanv...bably-not-fun-for-pershing-squares-investors/