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Posts Tagged ‘ Herbalife Ltd. ’

Herbalife Does Not Expect to Be De-listed by NYSE

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April 9, 2013
TEST6Herbalife

Herbalife Ltd. (NYSE:HLF) has issued a press release stating that the company does not expect to be delisted despite KPMG quitting as the firm’s auditor. Additionally, the company believes that the removal of the auditor will not require the company to default. Many believe that the uncertainty regarding the audit outcome is a risk in that the company will have reduced financial flexibility during the period when it does not have audited financial statements. Herbalife Ltd. (NYSE:HLF) could be...
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Herbalife Ratings and Estimates Put Under Review by BAML

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April 9, 2013
TEST6Herbalife

Herbalife Ltd. (NYSE:HLF) was notified today by KPMG that it was resigning as the company’s independent accountant as the partner in charge of KPMG’s audit practice in Los Angeles has allegedly participated in insider trading, passing information to others who then traded in the shares. Until last week, the partner in question had been the engagement partner on Herbalife’s audit. KPMG resigned from two clients today since the firm no longer considers itself independent...
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Carl Icahn is Now Herbalife’s Largest Shareholder

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March 7, 2013
TEST6Carl Icahn

Carl Icahn had a very busy day today. Earlier Carl Icahn issued a letter to Dell’s special board Committee in which he urged the company not to go private. Icahn is believed to own  a 6% stake in Dell. Dell which was in “the process” of going private, is now facing challenges from some shareholders including Icahn who are not satisfied with the deal. Icahn wants to stop the buyout and force Dell to...
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This Is War: Carl Icahn Buys Huge Stake In Herbalife

By
February 15, 2013
TEST6herbalife

“I will talk about Herbalife when I goddamn want to”, these are the words of pure wisdom that Carl Icahn showered on CNBC anchor; during interview, Icahn tried in vain to steer conversation away from his personal battles with Ackman to the most notorious stock to watch. Well Icahn finally ‘spoke’ or filed the much awaited 13D yesterday. While we were sure that he had a position in the company, as we were the first...
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Herbalife Ltd. (HLF) Q4 Preliminary Profit Tops Expectations

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January 17, 2013
TEST6Herbalife

Herbalife Ltd. (NYSE:HLF) announced its preliminary results for the fourth quarter; the earnings were above its prior expectations. Despite encouraging financials, the company’s shares were under pressure in premarket trading, reflecting investor’s anger over the pace of the buyback. The company also revealed, today, that it expects to start repurchasing shares under its existing share-repurchase authorization. For the full year, the nutritional-supplement maker expects earnings per share of $4.02 to $4.05, a revenue growth of 18...
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Herbalife Conference Satisfies BAML Analysts

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January 11, 2013
TEST6Herbalife

Herbalife held an investor conference yesterday in an attempt to refute charges by short seller Bill Ackman. The conference did little to convince the market to buy Herbalife Ltd. (NYSE:LTD); after climbing during the conference, shares finished down 1.78%. Many sell side analysts attended the event. No sell side analysts have a sell on the stock (see here for the reason), but it is nonetheless interesting to see how they viewed the event. If...
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Bill Ackman Banned From Herbalife Meeting Goes Scuba Diving In Burma

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January 10, 2013
TEST6herbalife

Herbalife pays Boies, Schiller & Flexner Chairman David Boies a “significant eight-figure retainer” for possible legal action against activist investor Bill Ackman, FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports. Gasparino went on to report that “Bill Ackman was barred from the Herbalife Ltd. (NYSE: HLF) meeting” today and that he is “in Burma scuba diving.” On David Boies eight-figure retainer: “Let’s get into some interesting headlines that the FOX Business Network has been...
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Carl Icahn Initiates Long Position In Herbalife

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January 10, 2013
TEST6herbalife

Billionaire hedge-fund activist, Dan Loeb, has marched into the heated billion-dollar battle between Ackman and Herbalife Ltd. (NYSE:HLF). According to Michelle Celarier of the New York Post, Carl Icahn may have initiated a long position in Herbalife. The news about Carl Icahn has just been confirmed by ValueWalk, although the size of the stake is unknown currently. Icahn joins Dan Loeb going long a stock which Bill Ackman is short. Loeb’s dislike of Ackman goes back to 2008, when an...
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Loeb In Q4 Letter Calls Herbalife Ltd. (HLF) “Classic Compounder”

By
January 9, 2013
TEST6Daniel Loeb photo

Herbalife Ltd. (NYSE:HLF)’s potential was one of the main points in Dan Loeb’s fourth quarter letter to investors (embedded below). The founder of the famous hedge fund, Third Point explained why they bought into the company after Pershing Square’s Bill Ackman made some “controversial assertions about it.” Loeb’s fund bought about 8 percent of Herbalife Ltd.(NYSE:HLF)’s outstanding shares of common stock, mostly in the wake of Ackman’s comments about his short of the stock,...
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Herbalife May File Lawsuit Against Bill Ackman This Week

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January 8, 2013
TEST6Bill Ackman

Activist investor Bill Ackman is bracing for possible litigation from Herbalife Ltd. (NYSE:HLF), the nutrition company that he has labeled a ‘pyramid scheme’ with a stock price that should fall to ‘zero’, according to FOX Business Network (FBN)’s Charlie Gasparino. Gasparino says “Ackman’s attorneys believe the possible lawsuit could be filed at or before Herbalife is scheduled to hold its much-anticipated investor day in New York on Thursday. According to Gasparino, the lawsuit against...
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Bill Ackman Interview With CNN Money [VIDEO]

By
January 8, 2013
TEST6Bill Ackman

Bill Ackman has done several interviews regarding his  Herbalife short in the past several days. We just found a new interview which Ackman conducted with CNN Money. Bill Ackman says Herbalife is a fraudulent operation that targets the ‘financially unsophisticated’ and ‘lowest income people’, especially the Hispanic community. The video is embedded below: 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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