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Posts Tagged ‘ herbalife ’

Herbalife CEO: We’ll Still Be Here 33 Years From Today

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May 24, 2013
TEST6herbalife

Herbalife Ltd. (NYSE:HLF) shares have risen consistently despite billionaire hedge fund manager Bill Ackman calling it a pyramid scheme and placing a $1 billion short bet. The nutritional supplement maker’s CEO Michael Johnson continues to fight back. The battle of Herbalife Ltd. (NYSE:HLF) is a recent cover story in Bloomberg Businessweek written by Duane Stanford. In December 2012, Pershing Square Capital Management chief Bill Ackman delivered a presentation. He massacred the company in almost four hours...
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Hedge Funds Up Shorts In Fusion-IO, BBRY, Lose In SuperValu

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May 22, 2013
TEST6hedge funds

In the first quarter, hedge funds showered new love on Exxon Mobil Corporation (NYSE:XOM), General Electric Company (NYSE:GE), Time Warner Inc (NYSE:TWX) and Hess Corp. (NYSE:HES), resulting in a decline in short interest as they entered Goldman Sachs’ VIP Basket of 50 stocks. The VIP list includes the favorite stock picks from hedge funds in each quarter. We have covered the major points from GS Hedge Fund Trend Monitor, which found that  American International Group Inc (NYSE:AIG) had maintained its hold...
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Herbalife Price Target Reiterated By Canaccord After New Auditor

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May 22, 2013
TEST6herbalife

Yesterday’s announcement that PWC will replace KPMG as Herbalife Ltd. (NYSE:HLF)’s auditor for F2013 and immediately begin working toward the re-certification of financial statements from F2010 through F2012 (in addition to reviewing the Q1/13 financial statements) was clearly a catalyst that removed uncertainty according to a new report from Canaccord Genuity. The announcement has no impact on their thesis, as thet didn’t expect anything other than the announcement of a new Big 4 auditor...
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Bill Ackman Down $10 Million on Herbalife Short

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May 22, 2013
TEST6herbalife logo

Herbalife Ltd. (NYSE:HLF) has been the focal point of controversy since activist investor announced he was shorting the stock in December. He gave an extensive (to say the least) explanation of his short thesis for the stock. But while less than two months ago, both Ackman and Herbalife bulls like Carl Icahn were winning, now it looks like Ackman is losing. Bill Ackman’s Potential Herbalife Losses New York Post reporter Michelle Celarier ran some...
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Herbalife Ltd (HLF) Halts Trading to Announce New Auditor

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May 21, 2013
TEST6herbalife logo

Trading on Herbalife Ltd. (NYSE:HLF) shares was halted briefly before a major news announcement. The company has reported the name of its new auditor to the Securities and Exchange Commission in its most recently filed 8K. After trading on the stock resumed today, shares rose as much as 4 percent on the news of which firm will be auditing Herbalife Ltd. (NYSE:HLF)’s financial statements. The company’s former auditor, KPMG, resigned in April amidst allegations...
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Herbalife Jumps 11%, Threatening Ackman’s Long-Term Short

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May 20, 2013
TEST6herbalife logo

Back when the Herbalife Ltd. (NYSE:HLF) fight was at its most public, Carl Icahn, who is long on the company, said that Bill Ackman would face the “mother of all short squeezes” on the equity. With stock in the company up by more than 11 percent at time of writing on Monday’s market, Icahn might just be onto something. Icahn made his comments about Herbalife Ltd. (NYSE:HLF) last January, before he had even disclosed a...
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Hispanic Federation Urges FTC To Investigate Herbalife

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May 20, 2013
TEST6herbalife logo

Herbalife Ltd. (NYSE:HLF) has been particularly active today, trading up 9 percent. While there are some who cannot get enough of Herbalife, the Latinos are not so happy with the nutritional supplements company. The Hispanic Federation wrote to FTC on Friday, seeking an investigation into Herbalife Ltd. (NYSE:HLF), saying that they had concerns about the company’s business model. The letter asks for a probe into the way the company promises huge gains for the distributors...
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Dan Loeb Buys Apple, Virgin Media, Exits Morgan Stanley, Herbalife

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May 15, 2013
TEST6Dan Loeb

Dan Loeb’s Third Point fund had a market value of $5.3 billion at the end of the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. The firm bought 17 new stocks and increased its position in six others during the first three months of the year. It also sold out of 17 companies and reduced its stake in 12 others. As of the end of March, the company’s...
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Carl Icahn Up $1 Billion On His Netflix Stake

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May 15, 2013
TEST6Carl Icahn

Tales of Carl Icahn’s many successful company shakeups can make an infinte list, as he is involved with a large number of companies and is waging war with their boards. Some of his most recent attempts have been at Herbalife Ltd. (NYSE:HLF),  Transocean LTD (NYSE:RIG) and Dell Inc. (NASDAQ:DELL), to name a few. Carl Icahn’s magical hand at Netflix, Inc. (NASDAQ:NFLX) is speaking volumes these days and has generated huge profits for his funds. Netflix, Inc....
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Questionable Practices Of Herbalife Distributor

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May 10, 2013
TEST6herbalife logo

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...
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Greenlight Capital Q1 2013 Letter: Yen Winner, Ballmer Loser

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May 9, 2013
TEST6David Einhorn Greenlight Capital Q1 2013 letter to shareholders

Greenlight Capital Q1 2013 letter to shareholders is out. Earlier today, Sam Forgione of Reuters had a short summary on the Greenlight Capital Q1 2013 letter. Greenlight Capital is up 5.8 percent net for Q1. Returns in April were hurt by losses in gold. Below we have the full hedge fund letter (see Greenlight Capital Q42012 here). Some notable comments from the letter include CEO David Einhorn’s (more subtle) attack on Ben Bernanke and other Central Bankers’...
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