Herbalife Ltd. (NYSE:HLF) has been in the news a lot since December when activist investor Bill Ackman called it a pyramid scheme. One of the hallmarks of a pyramid scheme is if a company’s distributors make more money recruiting others than they do actually selling the product. There seem to be conflicting reports about whether this is true with Herbalife Ltd. (NYSE:HLF), although one online publication uncovered shocking allegations about a real life Herbalife...
Read More »
Bill Ackman At Ira Sohn Conference: coverage brought to you by ValueWalk. William Albert Ackman, more commonly known as Bill Ackman, has an extensive professional profile working for many firms before starting his own.The founder and CEO of Pershing Square Capital, Bill Ackman was born on 11th May 1966. Ackman attended Harvard University and graduated with a Bachelor of Arts degree Manga cum Laude in 1988. Ackman received his MBA from Harvard Business School...
Read More »
Ira Sohn Conference Live Coverage brought to you by ValueWalk. The 18th annual Ira Sohn Conference kicks off on Wednesday May 8th starting at 12PM EST and going until around 6:30PM EST. Many terrific value investors will be speaking at the conference. We will be providing both live blogging of the event as well as in-depth analysis. This is a jam packed week. We earlier brought you coverage of the Value Investing Congress which can be found here...
Read More »
Whitney Tilson’s Kase Capital teamed up with Langer Research Institute to carry out a survey on the popularity of J.C. Penney Company, Inc. (NYSE:JCP). Bill Ackman is the largest shareholder of JCP with an 18 percent stake. Whitney Tilson, who is also a longtime friend of Ackman, has reopened his position in J.C. Penney Company, Inc. (NYSE:JCP) this Monday, after exiting it back in June 2012, he disclosed to ValueWalk. The results of the survey...
Read More »
Herbalife Ltd. (NYSE:HLF) hosted its Q1 earnings conference call today in which the executives and callers talked about Herbalife’s bad publicity and how much of an effect it had on the nutritional supplements business, which was not much according to the discussion. In response to a question from an analyst, the executives said that business is growing in the US and has suffered no significant effect from negative public comments. Herbalife’s Q1 earnings took...
Read More »
It seems that Bill Ackman has hit the second quarter on a lucky note. After George Soros disclosed a large passive stake in J.C. Penney Company, Inc. (NYSE:JCP), NYPost’s sources are reporting that there are other billion-dollar hedge fund investors who have also jumped aboard on the J.C. Penney Company, Inc. (NYSE:JCP) ship. There is no news on the identities of the investors who have decided to put their money in J.C. Penney Company, Inc....
Read More »
Herbalife Ltd. (NYSE:HLF) will report 1Q13 on Monday, April 29, after the market closes, and hold an investor call the next day at 11am EST. Analysts at Barclays are maintaining their 1Q EPS of $1.07, which is in line with consensus and at the high end of the $1.03-$1.07 guidance. They estimate total sales growth for Herbalife Ltd. (NYSE:HLF) of 15.8%, driven by 13.6% growth in volume points and a drag of 0.6% from forex. On...
Read More »
Steve Cohen is just one of almost 70 hedge fund managers who will be making a pitch at Yankee Stadium tomorrow. But these pitches don’t have anything to do with baseball. It’s the Goldman Sachs Fifth Annual U.S. Hedge Fund Symposium, where hedge funders are pitching their investment ideas to new investors. The New York Post’s Michelle Celarier reported today that in addition to Cohen, Pershing Square’s Bill Ackman, Maverick Capital’s Lee Ainslee and...
Read More »
J.C. Penney Company, Inc. (NYSE:JCP) executive vice president for design and sourcing Nick Wooster has left the company, sources familiar with the matter told the NYPost, and a J.C. Penney Company, Inc. (NYSE:JCP) spokeswoman just affirmed his departure. Wooster will be replaced by Ken Mangone who had left the struggling retailer last year. Wooster is a popular fashion blogger and ex-fashion director of Bergdorf Goodman. His sudden rise through the ranks of J.C. Penney Co. Inc under the...
Read More »
J.C. Penney Company, Inc. (NYSE:JCP) has had a poor 2013 by any standards. The firm’s stock has lost almost 24 percent in the first four months of the year, and the company’s board felt compelled to fire CEO Ron Johnson and replace him with his predecessor, a move that confused the market. The latest sign of weakness at the company was revealed today as the retailer drew $850 million on its $1.85 billion line of revolving...
Read More »
Have you ever heard of a firm downgrading a company, then upgrading it three days later? Additionally, have you ever heard of a firm downgrading a company from a price target of $78 to $38 only to boost the price target back to $78 (again only three days later)? Have you ever heard of a firm stating a company could be delisted and then three days later state the concerns are unwarranted? Well we...
Read More »
